MDRC paper on Social Impact Bonds and GAI

MDRC came out with a new paper on social impact bonds in April. HERE.

And, a Maclean’s piece on the Guaranteed Annual Income proposal.

Im skeptical of the GAI for a few reasons:

1.    Fiscal. I don’t know how it’s financially possible to provide income equivalent to the all the existing cash and in-kind support. It’s not just eliminating the social welfare system and giving people income.

2.    If it was fiscally possible, I suspect it would require considerable sacrifices in cash and in-kind supports on behalf of the middle class. Not sure this is politically feasible.

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