Posted on 12/06/2015 12:35:23 PM PST by bigdaddy45
Authorities in Finland are considering giving every citizen a tax-free payout of €800 (£576) each month.
Under proposals being draw up by the Finnish Social Insurance Institution (Kela), this national basic income would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive any other income.
Unemployment in Finland is currently at record levels, and the basic income is intended to encourage more people back to work. At present, many unemployed people would be worse off if they took on low-paid temporary jobs due to loss of welfare payments.
(Excerpt) Read more at telegraph.co.uk ...
tough when you get called out Nancy. let your family know i will be sending them yearly TU cards for your stupidity.
If you insist on providing “safety nets” it’s probably not a bad idea. No paperwork, no BS, everybody gets a check, handle it.
My 26 year old neighbor three houses down receives over 60K a year in different forms of welfare and disability for her and 3 children. That is straight from her fathers mouth, we are good friends. Last week I mentioned that I had not seen her for several weeks, she’s living in a hotel while the house gets a 100% renovation.
Maybe they could pay them in vodka.
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Calling Social Security an “entitlement program” is a standard leftist ploy to get good people to join with the scum suckers at the ballot box.
In other news, inflation increases dramatically...economists baffled
Same could be said for "tax reform". Great idea but would put lots if people out of work so it'll never happen.
Because they’re getting more money by NOT working now.
Some people react first, then read later.
I agree, it’s not a bad idea. In the future, our labor force will become increasingly automated. We will need engineers and programmers, but let’s face it, not everyone is smart enough to get that kind of job. So what do we do with the masses of unemployed?
Cheap bastids. Make the minimum wage $19,995 a month. That should finish their treasury...
It makes more sense economically because it encourages people to work. It also allows lots of choice, so frugal people will do better than people who are not frugal.
The “problem” of course is that the same irresponsible people will buy drugs and alcohol and not feed their children.
As mentioned, one big benefit is that the payments are not used to require certain behavior.
If the net amount of money spent by the government drops, which is entirely possible, then the deficit should decrease, and one might even have a decrease in inflation.
Of course, as was pointed out a few posts ago, this is contingent on eliminating government jobs, which rarely happens—though if some are eliminated and others replace retiring government workers, it could be done.
I think it would be worth a try, and if they can pull it off, it could be worth emulating.
From whence will the cash come to do this?....................... Annual sales and rentals of Reindeer?
“pre-bate”
Unemployment in Finland is currently at record levels,Â
What! But American leftists say finland and other socialist european countries are perfect & they have ended income inequality...oh my!
It sounds like it will definitely solve some of the problems and negative incentives that the massive welfare in that country creates. But it will inflate the currency, over time the $1000 will only buy a few hundred dollars of goods, rent, services. Then the gimmedats will be in the streets demanding a raise in the benefit. Politicians will jump at the chance to raise it of course and eventually it will be at the same level of the former combined benefits.
Here in the US maybe this would be better than what we have today because at least it’s not hidden under dozens of social programs. We could reduce the size of government by a huge chunk! Look at what we have now, its a massive tumor on our economy. We will never get rid of welfare programs unless all of the takers and liberals suddenly disappeared, so maybe something like this would be a more efficient and lesser evil?
Where does the cash come from to pay for the programs that they will be eliminating? Yes, they have a debt, but on a per-capita GDP basis, it was about half of the U.S. debt in 2012—and after four years of pubs caving to Obama, they are probably in even better shape. If they think that this would be a net benefit, more power to them.
Citizens of failing countries should observe citizens of more successful countries, especially when they are considering policies that they think will make them even more successful.
It only inflates the currency if the cost exceeds the amount spent on the programs and bureaucrats that will be eliminated, and it only greatly inflates if this cost massively increases the deficit. Right now, the U.S. feds are spending more than twice this amount on a per-capita basis, so it is by no means a given that inflation will be a result.
Actually it kind of sounds like Alaska.
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