As part of the BC Basic Income project, my team and I were tasked with trying to understand the system of income and social supports available to BC residents. We developed these visualizations which have proven very popular

Pair these with our paper that goes through a detailed description of the system of income and social supports in BC here https://t.co/LosL7sQNc8
TLDNR? There are 194 programs offered by the various governments that are available to support BCers in various stages of life and crises. The federal government offers more supports in terms of money, the province more in terms of basic services.
While complexity has disadvantages, a big advantage is that the multiple points of entry actually means that there are multiple ways a person can be assessed for assistance for all these programs better capturing those that fall through cracks in other programs.
Given that the fed tends to offer cash programs and BC tends to offer basic services and we were asked if BC should offer a basic income, naturally this begs the tradeoff question then should BC replace its services with income supports. Our answer was unequivocally no.
But it seems that this nuance of who offers what, income vs services, in our federalist system and why has been lost. Also lost is fiscal capacity. But that is OK because we got you covered there as well. @trevortombe dove into BC's fiscal sustainability https://t.co/YFeWWBovRm
Which cycles me back to last week when someone asked me how I could be on a @RoyalEconSoc panel that advocated for a comprehensive federal income support system and be on a BC panel that advocated for a targetted and mixed system. Well above is a summative reason.
But let's be clear, no government is able to deliver its supports to the most vulnerable at all. Which is another reason by the panel actually lists a number of recommendations for both the BC and the federal government to shore up gaps in benefit delivery.
We will, in fact, not address poverty, not address material deprivation, unless we address systemic failures in benefit delivery, which, yes, are tied to bias, discrimination, racism, reconcilation, etc. reconciliation.
Which is why the panel commissioned papers on GBA+ and poverty in BC https://t.co/0yZpfoLJe7 GBA+ and Basic income https://t.co/lC87u9JEMY
And a third paper on GBA + and the current system which will be posted shortly as it is just going through final review via the DIP program.

More from Finance

As the DeFi bull market continues, some brutally honest tips for new founders fundraising in crypto.

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1/ The discount you offer to strategic investors is both to account for the risk of an unlaunched product, but also as compensation for continued value add and support.

So make sure you know the investor will support you and not leave you on read once the docs are signed!

2/ Having someone on your cap table/ token allocation is as important as hiring.

You wouldn't hire someone just because they are influencers on Twitter- you do your reference checks and find evidence of value add from other companies the investor has invested in.

3/ Don't trust, verify.

Many investors will promise you the world when they're trying to get on your cap table.

Talk to founders they backed to see how much of it is bullshit. Ask them about how the investor was there for them during hard times.

4/ Don't just go for "name brand" funds because you want the brand.

Sure, it's great validation, but optimize for fit, not vanity.

However, I do think many well-known VCs are good actors, especially those with roots in successful trad VCs. They have a rep for a reason!
The Dutch regulator and DNB as financial supervisor are a tough cookie to deal with. In essence they hyperregulate EU-rules into goldplated Dutch rules which go beyond what is prescribed in Europe.

All NL-customers at British banks may thus be kicked out on brexit.

Thread

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If we start with the capital requirements directive, it says attracting deposits is forbidden. In article 9.

https://t.co/RYl7SXligC


Now the translation of that rule into Dutch law is slightly expanded to not only prohibit attracting deposits, but to also prohibit, having those deposits under custody ('ter beschikking hebben').

That's not in EU law, but it is in our Dutch law.

https://t.co/PsbWfNY3PA


So if you wonder how this would work out for UK banks and Payment institutions servicing Dutch customers. Have a read at the technical explanation of DNB, the financial supervisor and their summarising table.

https://t.co/LL0fAnYkRJ

Passive servicing of Dutch is not allowed!


Any bank or PSP in the UK that continues to serve Dutch customers (as in retail customers, professional players are excepted) can thus be subject to fines and policing under Dutch law.

Meaning we not only have Accidental American issues in payments, but also Accidental Dutchies

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