Chrystia Freeland, the Deputy Prime Minister of Canada, has proposed a new plan to reform the country’s income system. This plan includes introducing a guaranteed basic income for all Canadians, as well as a more progressive tax system. According to Freeland, these changes will help provide a better, fairer income system for all Canadians, especially during times of economic uncertainty.
The COVID-19 pandemic has highlighted the need for a stronger income system, as many people have lost their jobs and struggled to make ends meet. Freeland’s proposal aims to provide a safety net for all Canadians, regardless of their employment status. By implementing a guaranteed basic income, people will have a minimum amount of money that they can rely on for basic necessities. This will also help reduce the wealth gap and provide more financial security for those in lower-income brackets.
Furthermore, Freeland’s plan also looks to create a more progressive tax system, where the wealthy will pay a higher percentage in taxes compared to those in lower income brackets. This will help redistribute wealth and create a more equitable society. The overall goal is to provide Canadians with a fairer income system that supports their financial needs and helps alleviate poverty.
While there are still details to be ironed out and potential challenges to face, Freeland’s proposal is a step in the right direction towards creating a