[–] CowWithBeef 1 point 5 points 6 points (+6|-1) ago
I would be surprised if this doesn't fuel an explosion of tech startups as people will be able to afford to run extremely low burn rates on their startups with survival guaranteed by the basic income.
[–] brother_tempus 6 points 9 points 15 points (+15|-6) ago
Relevant statements in this article :
Finland will scrap all existing benefits
The funding of this basic income is theft which defeats the purpose of the basic income since just not taxing people would mean more money in their pocket to spend
One of the major downsides, of course, is the cost of handing out money to every single citizen. Liisa Hyssälä, director general of Kela, has said that the plan will save the government millions. But, as Bloomberg calculated, giving 800 euros of basic income to the population of 5.4 million every month would cost 52.2 billion euros a year. The government expects to have 49.1 billion euros revenue in 2016.
The $52 billion question ... how can Finland afford this immoral entitlement if the cost exceeds its revenue.
The answer is it can't and thus will be yet another failed socialist exercise
[–] Drenki 0 points 1 point 1 point (+1|-0) ago
They're trying to stimulate economic growth. Finland's economy has been stagnant for a while now and interest rates on the Euro can only go so low. Other places have put deposits on a negative yield, that is interest rates below zero. This is different approach to the same problem - get people spending money so that more money can be invested. But there is such thing as a saturation point - how many more mcdonald's / pizza huts / whatever Finland has can be built? Only so many are needed.
[–] brother_tempus ago
They're trying to stimulate economic growth.
theft does not stimulate anything other than more poverty
Finland's economy has been stagnant for a while now
government-created problem, more government is not going to fix the problem
Other places have put deposits on a negative yield,
which punishes savers which are the moral and correct path to real economic growth .. not theft which is what negative yields are
get people spending money so that more money can be invested.
more consumption is not the answer. More saving and less government overhead as well as ls government meddling in terms of economic policies is the way to true growth
how many more mcdonald's / pizza huts / whatever Finland has can be built?
as much as the market thinks there should be, not how much government thinks there should be
[–] [deleted] 3 points 0 points 3 points (+3|-3) ago
[–] Skinofthegoat 0 points 1 point 1 point (+1|-0) ago
In that guy's defense, there is no indication from his comment that he doesn't know the plural of thief.
[–] brother_tempus 2 points -2 points 0 points (+0|-2) ago
They're making me give back some of the money I suckered out of the public,
citation needed and even it it were true, then you prosecute someone who stole not steal it from them ...
Oh and no one is rich in Finland ,,, that's why if it were admitted in as a State in the US, the people would be poorer than the poorest state in the union , Mississippi - this is why socialism is evil and does not work
[–] Igor_the_Defiler 1 point 0 points 1 point (+1|-1) ago
You present no argument, only a shitpost with lacking grammar, and for that you have my downvoat.
[–] ILikeMyDogNotYours 0 points 8 points 8 points (+8|-0) ago
I love how UBI is the exact inverse of welfare. "We can't just give them money! They'll just waste it on drink and folly."
"If we just give people enough money for necessities, they'll spend it wisely!"
[–] WeekendBaker 0 points 4 points 4 points (+4|-0) ago
Finland is much more expensive than Germany. I have travelled most of Europe and will say finland is the only place where we said "we can't afford to take the train to that castle because it's too expensive". Food was higher, hotels were higher, and estonia across the gulf only made the price shock higher.
[–] SirDigbyChikenCaesar 0 points 1 point 1 point (+1|-0) ago
1 bedroom here for (Euro Symbol)460: http://helsinki.craigslist.fi/apa/5302752540.html?lang=en&cc=gb
[–] Arotaes_Forgehammer 2 points 5 points 7 points (+7|-2) ago
I have a feeling that all the prices will go up to squeeze all that extra money out of everyone.
[–] HoneyNutStallmans 1 point 0 points 1 point (+1|-1) ago
That's exactly how it could work.
Basic income is not ready for prime time just yet.
[–] [deleted] 0 points 2 points 2 points (+2|-0) ago
[–] k0s 0 points 1 point 1 point (+1|-0) ago
No, not entirely.
Inflation is simply a result of everyone having more money to spend. This can come from living in a rich area like a suburb. Or if there's a lot of loans in the state.
assuming 7% of people are unemployed (im too lazy to look up figures), simply having the money to make rent along with a meal is not going to inflate much of anything except for the rental and budget food markets. Hell I wouldn't doubt good sum of this money is going towards the drug market too. A few extra electronics may be purchased by these people, but not a whole lot.
However if finland has to take a loan, it would be more detrimental to the people via inflation as it would to basically tax the shit out of them. Assuming the entitlement cost exceeds revenue of the state.
[–] Spear1000 1 point 0 points 1 point (+1|-1) ago
If we did that in America, all that would happen is Air Jordan sales would be up.