A small basic income of $250 per month for adults and children that begins phasing out at $150,000 of household income - financed via eliminating certain tax deductions that disproportionately benefit the wealthy, plus a $42 per metric ton carbon tax - would reduce poverty by 40%, and reduce child poverty from 12.6% to 4.8%.

A $500 per month benefit limited to adults financed solely by a carbon/consumption tax would reduce child poverty only to 10.3%.

econometric