Innovation Nation: Why CEOs support basic income

Floyd Marinescu: Basic income is an economic need.Brice Hall/National Post illustration

Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The Financial Post set out explore what is needed for businesses to flourish and grow. You can find all of our coverage here.

When I was in my mid-20s, I was fortunate enough to be able to invest my life savings in an income property. The rental income provided a sense of economic security that later enabled me to quit my job and start my own business. I now run an eight-figure global company.

Several other successful entrepreneurs I know were also able to take risks on their business because of the financial and emotional security provided by a guaranteed passive income stream — whether social assistance payments or spousal support.

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