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VIP MLA Candidate Promises A Guaranteed Annual Income For Nanaimo

VIP MLA Candidate Promises A Guaranteed Annual Income For Nanaimo

A Poverty Reduction Strategy For Nanaimo and B.C.
Dr. Robin M. Richardson, Ph.D.
Leader, The Vancouver Island Party
VIP MLA Candidate for Nanaimo

FOR RELEASE: 7:05 am, Friday. December 7, 2018

Nanaimo, BC: Former MP, Dr. Robin Richardson, Vancouver Island Party (VIP) MLA Candidate for Nanaimo, announced his Party’s pledge to demand a guaranteed annual income (GAI) for Nanaimo in the next provincial budget.

“BC does not need a patchwork of existing and new policies to fight poverty. A proven solution is a universal guaranteed annual income (GAI)” stated Dr. Richardson. “The solution to most poverty is to give the poor more money, with no disincentives to work. Get them out of the poverty welfare trap as soon as possible.”

“BC should adopt three pilot projects such as were recently in Ontario. These should be Nanaimo on Vancouver Island, a location in Vancouver or the Lower Mainland, and a town in the BC Interior. “ recommended Dr. Richardson.

Benefits To Recipients and Government Budgetary Savings

Dr. Richardson observed that …”Canadian (Dauphin, Manitoba) and international examples (The Eastern Band of the Cherokee Nation in North Carolina, Alaska, Finland, Utrecht – The Netherlands, and other locations in Africa, Brazil and India) prove that a GAI delivers many positive results to participants and savings to the Government that adopts it.”

“Based on many studies, a GIA offers substantial benefits to participants and budgetary savings for the BC Government in the following eight categories:

1. Social Services: Less need for social and healthcare workers, although some would still be needed for the mentally ill, severely disabled and those with addictions. Less child and spousal abuse.

2. Housing: A GAI at the right level may eliminate the need for the provincial SAFER program and stimulate builders to build more affordable housing.

3. Health: Less hospital admittances. Less use of expensive medical resources (surgeons and support staff, expensive equipment). Longer maturity leaves. Reduced levels of depression, anxiety and attention deficit hyperactivity disorder (ADHD). A possible reduction in suicides.

4. Justice: Less crime. Lower police, detention and court costs.

5. Economic: More working time, not less. No disincentive to work. Start and/or expand small businesses. Possibly no need for a controversial job-killing $15 per hour minimum wage.

6. Education: Stay in high school longer. Fewer dropouts. Better marks. More money for college and university entrants. Better use of skill training. More use of adult education. Literacy training. More stay-at-home parents. Improved opportunities for early childhood education. Less need for daycare centres.

7. Seniors: More financial ability to use long-term care facilities and other rental accommodations.

8. Administrative Costs: Very little. Adjustments, either up or down, in the GAI will occur once a year at tax time. “

Dr. Richardson cautioned that, “In measuring the cost of a GAI for Nanaimo and British Columbia, policy-makers should use a Net Cost measure, not the Gross Cost. In other words, deduct the SAVINGS from other government ministries. Also, include measures of increased provincial Gross Domestic Product (GDP) and reduced unemployment.”

What would a Guaranteed Annual Income for Nanaimo and BC look like?

Here are some recommendations from Dr. Robin Richardson.

1 Coverage:
Universal. Everyone with 6 months permanent residency in Nanaimo and the other BC pilot projects (as the Alaska Permanent Fund Dividend model).

2. Level:
The Nanaimo and BC Interior Locations: $18,000 per year, payable $1,500 per month, in $750 instalments on the 1st and 15th of the month.

The Vancouver or Lower Mainland Location: $24,000 per year, payable $2,000 per month, in $1,000 instalments on the 1st and 15th of the month.

3. Inflation: Indexed by the cost of living where the Recipient lives.

4. Taxation: Payments go to everyone, but because the rich would be paying more taxes, they would not be getting as much benefit from the program as low-income people who need the help. It is a more meaningful program than tax credits, which the poor cannot use.

Conclusion

“The BC Government has an opportunity to introduce a truly workable and proven solution for a comprehensive and affordable poverty reduction strategy. The need is great and the timing is right”, concluded Dr. Richardson.

“If I am elected VIP MLA for Nanaimo in January, I pledge to demand that Nanaimo residents be the recipients in the next provincial budget of a guaranteed annual income for the next three years.” promised Dr. Richardson.

Background of the Candidate

Dr. Robin M. Richardson, PhD., first began studying the GAI when he was studying economics in his doctoral program at Harvard University in the late 1960s. Dr. John Kenneth Galbraith was Dr. Richardson’s Faculty Advisor. Dr. Galbraith was a strong proponent of the GAI for the United States.

At about the same time, Dr. Milton Friedman of the University of Chicago published a seminal paper on the same subject, advocating a Negative Income Tax. This research influenced President Richard Nixon to propose The Family Assistance Plan in 1969. Unfortunately, the US Congress did not pass it.

Dr. Richardson is a distinguished business economist who has served as Senior Economist for the Toronto Dominion Bank, Chief Economist for a major institutional stockbrokerage company and National Research Director and Chief Economist for the Canadian Taxpayers Federation. Dr. Richardson is also a former Canadian Member of Parliament and public policy analyst. He is an author, pastor, historian and former college professor.

Dr. Richardson lives in Victoria, BC and at his vacation home in Nanaimo, BC with his wife, Jacqui, of 52-years and their dog, Daisy. Robin and Jacqui have two children and two grandchildren.

Dr. Robin M. Richardson, Ph.D.
Leader, The Vancouver Island Party
VIP MLA Candidate for Nanaimo
PO Box 126-1142 Woss Lake Road
Nanaimo, BC V9R 6X7
250-388-4274
Email: admin@vanisleparty.com
www.VanIsleParty.com

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