We already have a guaranteed income system for a large group of people in Canada.  It works guite well.  It is called Old Age Security.  Everyone gets the minimum and if your other income goes above a certain point some of the original guaranteed income is clawed back.  Expand that to everyone and then get rid of other things like unemployment insurance and programs that are top heavy with administration.

The more simple it is to understand, and the easier it is to administer, will provide the best chance of success.

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