From left to right: Mike Garnett (Bay Street Labs), Paul Vallée (Pythian), Floyd Marinescu (InfoQ & QCon), Audrey Mascarenhas (Questor) and Chris Ford (Capco). Credit to: Moses Leal
A letter, signed by over a hundred Canadian business leaders, was delivered to Ontario’s Premier Doug Ford and Minister of Children, Community and Social Services Lisa MacLeod on Thursday the 18th of October 2018. The letter urges these political leaders in this large Canada region to reinstate the basic income pilot experiment, which had been setup by the previous government and held as a promise to be continued by the present one. These business leaders represent about 1,4 billion CAN$ in total revenue, and were presented by Ontario Green Party leader Mike Schreiner at the event.
The CEOs constitute yet another group in society raising its voice for the preservation of the social experiment, joining communities, activists and academics. In a world where social inclusion and acceptance are becoming more relevant and urgent topics to address, it is very important that leaders stand up for what they believe in. While it can be understood that diversity in mastermind groups is important for each community’s voice to be heard equally, it is also important to consider the needs of the masses as opposed to the needs of a few. According to these leaders, universal basic income (UBI) can invigorate the economy, eradicate poverty and supply the opportunity for many people to start their own business.
Floyd Marinescu
In this presentation, an event held at Queen’s Park in Toronto, co-author, signatory and CEO of InfoQ and QCon Floyd Marinescu has said that “We are here today to urge the government to embrace a forward-thinking, business-friendly solution to the great economic challenges of our time”. Although the core philosophy of the letter is related to economic competitiveness, it does so in order to “empower all Ontarians to grow alongside the economy and partake in its prosperity. We see basic income as a way to embrace the future of work: it is not just a welfare solution, it is an economic necessity”, according to Marinescu.
Marinescu’s co-author in writing the letter, and CEO of Pythian Paul Vallée also believes that basic income makes perfect business sense, and so fully supports the reinstallment of the basic income experiment in Ontario. He has said “we firmly believe that basic income is essential to supercharge Ontario’s economy in the 21st century” and that the government should “listen to this growing chorus, respect the dignity of Ontario workers, and let the pilot run its course”. Among other signatories there can be found Chris Ford (Managing Partner, Capco Canada) and Audrey Mascarenhas (CEO, Questor).
The event has made the news in several posts. The full letter can be read online.
More information at:
Kate McFarland, “ONTARIO, CANADA: New Government Declares Early End of Guaranteed Income Experiment“, Basic Income News, August 2nd 2018
“Why 100 CEOs are asking Doug Ford to bring back basic income“, CBC radio, October 18th 2018 (podcast)
Laurie Monsebraaten, “100 Canadian CEOs urge Doug Ford to rescue Ontario’s basic income project“, The Star, October 18th 2018
“CEOs Bring Case for Basic Income to Queen’s Park“, NetNewsLeadger, October 18th 2018
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Dear reader,
UBI is not about handouts, but taking back the wealth created by the people.
Since “free democracies” had stopped creating their own currency, people are losing $trillions per year in the form of interest, debt/dispossession, and loss of ownership to private banks.
Giving bureaucrats first dibs on newly created currency is as bad as banks.
Do we permit this robbery to continue, or return the money to the people?
Please see this short article:
governingtaxfree.wordpress.com/2018/06/11/how-to-pay-for-universal-basic-income/
Thank you