Earlier this year, a pair of pundits lamented the lack of grand policy ideas in Canadian politics. To no one’s surprise, this federal election has not radically changed the tone of our political discourse and the last few weeks have been fairly devoid of entrepreneurial policy debate. In a last minute effort to spice things-up, I thought I would throw my favourite grand policy idea into the ring and see if there are any takers. Steve, Iggy, Jack, and Gilles! Listen carefully because this is a game-changer!
To build some suspense, let me first tell you that this is a 40-year old policy proposal. At least some form of this policy has been endorsed by the Liberal Senator David Croll, the infamous Royal Commission on Economic Union and Development Prospects for Canada, Conservative Senator Hugh Segal, Prime Minister Pierre Trudeau, Manitoba NDP Premier and former Governor General Ed Schreyer, Martin Luther King Jr., Richard Nixon, and Milton Friedman. Amazingly, many years ago, this policy was also implemented at a trial level when the federal government and the provincial government of Manitoba partnered for five years and focused resources in Dauphin, Manitoba. This policy is sometimes envisioned as a single substitute for the myriad income security programs in Canada currently costing our government $130 billion annually. And this policy “guarantees” the elimination of poverty. Guessed what it is yet? Read the rest of this entry »