What could go wrong, and what unintended, but foreseeable consequence will it bring forth?
Y Combinator Wants to Test a Revolutionary Economic Idea (Guaranteed basic income)
http://www.freerepublic.com/focus/f-bloggers/3435894/posts
‘Cut Government red tape, reduce poverty and boost employment’
REALLY? How will giving people money, guaranteeing they won’t bother to try to find work boost employment???
Perversely, “guaranteed basic income” could be a path for Trump to amputate most of the “entitlements” part of the federal government. A big factor in the continuation of gov’t welfare expenditures is the massive self-sustaining bureaucratic infrastructure; by advocating the replacement of that hydra with a simple automatic direct-deposit system whereby everyone gets a flat poverty-line payment, the tremendous cost of running the system is saved.
(Don’t get me wrong. I think GBI is a staggeringly stupid idea. It’s just better, under the circumstances, than what we have now.)
Free money to freeloaders but don’t speed in Finland.
$100k for speeding
http://www.theatlantic.com/business/archive/2015/03/finland-home-of-the-103000-speeding-ticket/387484/
Clearly I can’t afford to live in Finland.
This differs from the Swiss model, in that the Swiss were considering giving this Living Wage to everyone, regardless of how much money you did or did not make.
This may be a bit more sustainable for a while, till a higher percentage of the population becomes unemployed and remains that way for generations at a time. The Invading Syrians and North Africans could soak all available up financing in no time.
Give them 2.5 years to exponentially grow into a stagnant mass of people on the dole.
BUMS
Socialism only works (if at all) in a small, homogeneous society like Finland, with a shared culture & work ethic — and very tight immigration laws, like Denmark.
When I pointed this out to my ultra-liberal stepmother, she called me an elitist.
“So what about the Danes?” I retorted. “Why aren’t THEY elitist?”
I doubt something like this might work here, or as well.
Tell Obozo to be the pied piper and ferry his welfare crowd to Finland - they are gonna’ love you!
And just WHERE is all of this money going to come from ? Also, who will work, when they don’t have to; “refugees” who have no desire at all to work and NO skill sets? LOL
Inflation.
Idiots all.
“the two-year trial with the 2,000 randomly picked citizens who receive unemployment benefits kicked off Jan. 1. Those chosen will receive 560 euros every month, with no reporting requirements on how they spend it. The amount will be deducted from any benefits they already receive.”
Seems to me they are saying they are going to take money away from the recipient’s welfare gift and give it to them with another name attached to it, to spend any way they want whether it is good for them or not. How is that better or worse other than the government is allowing them a don’t ask don’t tell policy on where it is going?
red
Pilot program??? What a bunch of wimps. Do it! Just do it! For EVERYONE!
I’m not sure that’s enough to have a cell phone, cable TV, eat at restaurants every night, have a nice flat in Helsinki and a hot babe for fun. They’ll probably have to double it for that very reason.
Thereby guaranteeing that they will remain unemployed.
I’ll be the first to say “It’s not enough”.