Kourtney Koebel knows how to reduce the experience of poverty on Prince Edward Island. Currently, almost 10% of the population of PEI lives in poverty, but Koebel and her colleagues believe it could be less than 2%. The solution? A Guaranteed Basic Income (GBI) demonstration project. The model Koebel and her colleagues are proposing would ensure that no Islanders live in deep poverty, a condition defined as having an income less than 75% of the official poverty line.
Koebel, a postdoctoral fellow with the Department of Economics, Arts and Sciences, University of Toronto, is part of Coalition Canada, a cross-country network of experienced basic income advocates and experts. At the end of 2023, the group released A Proposal for a Guaranteed Basic Income Benefit in Prince Edward Island. The report presents a basic income model for a fully funded 5 to 7-year long demonstration program that, according to the report, would both reduce poverty for Islanders and be more cost-effective than previous GBI models that have been proposed or piloted. [Read more…]