Is Finland onto something with this proposal? Vol. Universal Basic Income

Discussion in 'General' started by nazdrowie, Dec 7, 2015.

  1. nazdrowie

    nazdrowie

    9,203
    4,963
    Joined
    Jul 18, 2012

    Finland plans to pay each citizen 800 euros per month in national basic income proposal


    Updated about 4 hours ago

    Finland is planning to pay all of its citizens, regardless of income levels, 800 euros ($1,187) per month as part of its plan for a national basic income.

    According to the Finnish Social Insurance Institution (Kela) the payment would replace all other benefit packages.

    It is hoped the plan will decrease unemployment rates, which were at high levels of 8.7 per cent in October.

    In Finland, taking on low-paid temporary work can leave people worse off due to a decrease in welfare payments, as well as slow reinstatement of benefits once the job is over.

    The proposal is being prepared by Kela to be presented in November 2016, and it is still unclear how the government — one of the European Union's shakier economies — will afford the costs.

    If the population of 5.4 million Finns was given 800 euros each every month, it would cost the government 52.2 billion euros a year. The government has projected a 2016 revenue of 49.1 billion euros.

    A pilot phase based on Kela's proposal would be trialled before the basic income is fully implemented, with Kela research department manager Olli Kangas saying about 550 euros per month would be paid out to Finns during this phase.

    While other countries are also looking at implementing a national basic income, Finland has the highest rate of public approval for the plan.

    About 69 per cent of the Finnish population are in favour of the idea, according to Kela research.

    Finnish prime minister Juha Sipila has spoken in support of the proposal before, saying: "For me, a basic income means simplifying the social security system."

    The Dutch city of Utrecht is also planning to trial basic income next year, though the payments would only be for welfare recipients.

    The parliament in Switzerland voted strongly against a motion for a basic income in September, but a referendum on the issue is planned for next year.

    http://www.abc.net.au/news/2015-12-07/finland-proposes-to-pay-each-citizen-800-euros-a-month/7006596
     
  2. rico x hood

    rico x hood

    8,825
    2,562
    Joined
    Sep 11, 2005
    :smh: :smh:
     
  3. tr1ll

    tr1ll

    22,206
    8,263
    Joined
    Oct 9, 2002
    You would just be giving this money to dope dealers in the us.
     
  4. stephenb

    stephenb

    3,655
    473
    Joined
    Feb 3, 2009
    Wonderful idea :smokin
     
  5. jjs07

    jjs07

    17,928
    9,174
    Joined
    Jul 18, 2012
    About to open the flood gates w/ the welfare/gov't assistance debate...
     
  6. teamjordan79

    teamjordan79

    7,190
    1,147
    Joined
    Aug 24, 2003
    Quantitative Easing for the people

    ....the next logical step after the failure of welfare for banks and big business
     
  7. young safari

    young safari

    834
    55
    Joined
    Sep 16, 2008
    Who would willingly want to live in Finland tho
     
    hermoon likes this.
  8. snax91

    snax91

    1,154
    282
    Joined
    Feb 7, 2012
     
  9. teamjordan79

    teamjordan79

    7,190
    1,147
    Joined
    Aug 24, 2003
    will depend on the next POTUS
     
  10. luckyluchiano

    luckyluchiano

    14,501
    3,854
    Joined
    May 27, 2003
    Finland has what 5 mill people? Lol why do people love comparing these tiny non diverse nordic countries to the US?
     
    hermoon, jorel, dcallamerican and 3 others like this.
  11. jking0821

    jking0821

    16,702
    2,969
    Joined
    Apr 16, 2007
    Wait so everyone gets paid the same regardless of their job? Or you work get your pay check and the government still gives you this money on top of your job?
     
  12. rico x hood

    rico x hood

    8,825
    2,562
    Joined
    Sep 11, 2005
    [Video]
     
  13. stephenb

    stephenb

    3,655
    473
    Joined
    Feb 3, 2009
    On top of what you earn from working.
     
  14. jking0821

    jking0821

    16,702
    2,969
    Joined
    Apr 16, 2007
    Interesting. Some economist believe this stuff will work. Ben Bernanke used to say the way to stimulate the economy during the recession is dump money on them. The theory is that free money (so to speak) will be complete discretionary spending for people. The majority will spend more if they have more not save it all and not spend it.

    But the question is, how will the caveat "replace all other benefit packages" be handled. Will companies still pay for employees health insurance? Or will they allow this government subsidy to be their scapegoat to get out of paying for it?

    I kind of like the idea in theory assuming that it is being put in place to stimulate the economy. But i am not quite clear on how this will help unemployment. Guess i will have to read the full article
     
  15. wr

    wr

    6,647
    1,890
    Joined
    Mar 4, 2011
     
  16. based mod

    based mod

    10,494
    2,252
    Joined
    May 1, 2011
    How would this not just cause an instant increase in inflation?

    Alliteration game :pimp:
     
  17. jthagreat

    jthagreat

    18,769
    1,028
    Joined
    Dec 29, 2004
    would like to read what some of the non-biased economist of NT think...

    any other articles of something similar or this proposal that anyone has read?
     
  18. RustyShackleford

    RustyShackleford

    31,112
    33,557
    Joined
    Jul 21, 2009
    Because they are comparing economic policies not social policies.

    Once you can guarantee equal participation, it reaally doesn't matter.

    This is why conservatives hate Noridc economics. Because a lot of their policies aee about reducing inequality. If that were tried in America, the one group that would benefit the most is the work poor. And guess which racial group is disportionately represented there

    -And before anyone screams government handout from liberals.

    Since it is on everyone, it is actually serving as a negative tax. So it is actually a policy from the right.
     
    Last edited: Dec 7, 2015
  19. luckyluchiano

    luckyluchiano

    14,501
    3,854
    Joined
    May 27, 2003
     
    jape and blco02 like this.
  20. RustyShackleford

    RustyShackleford

    31,112
    33,557
    Joined
    Jul 21, 2009
    Ahhhh has no comeback

    So the weak meme usage begins

    Never change famb :lol:
     
    Last edited: Dec 7, 2015