Five hundred dollars per Canadian per month, can this work?I am advocating the usage of the Bank of Canada that is owned by all Canadians to finance giving five hundred dollars per month to all thirty seven million Canadians.
It will of course mean much more to poorer Canadians than to millionaires........
but it could be surprising how many stay at home wives with cheap and stingy millionaire husbands who control the purse strings of the home may find this extra five hundred very helpful indeed.
I suspect that well over eighty percent of of Canadians will spend this money reasonably well and:
1. enrol their kids in more after school programs.....
2. begin to purchase a higher percentage of organic produce vs the cheap GMO stuff
3. purchase a newer car, SUV or half ton truck
4. do renovations to their homes
5. hire landscapers to do certain projects on their properties
6. pay down their debt loads, especially the higher interest ones
7. buy a new home rather than renting
8. buy a cottage outside the city so that they can get away for weekends
9. many will choose to move to rural Canada in order to escape relatively hectic city life
10. eat at nice restaurants more often
11. I also believe that a significant percentage of Canadian women who would have chosen to have an abortion under the present economic situation will CHOOSE to keep their babies as opposed to having an abortion!I suspect that less than ten percent of Canadians will attempt to live off this five hundred dollars / month and simply use it to drink or smoke more.
To whatever degree this happens the worst cases where these Canadians put themselves and others in danger this can be dealt with by issuing food stamps vs a monthly check.