Last week, the federal Liberals adopted a policy resolution to introduce a universal basic income in Canada. The stated objective is to alleviate poverty by providing cash transfers to Canadians. However, such a program would come with a massive price tag and unintended consequences. A universal basic income (UBI) is one of many types of guaranteed annual income programs. Generally, UBI refers to the government distributing a flat amount of money to everyone, regardless of income. This means that every working-age Canadian would likely receive money from the proposed program.