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Finland's Universal Basic Income Called 'Useless' By Trade Union Economist (bloomberg.com)
An anonymous reader quotes Bloomberg:
Finland's basic income experiment is unworkable, uneconomical and ultimately useless. Plus, it will only encourage some people to work less. That's not the view of a hard core Thatcherite, but of the country's biggest trade union. The labor group says the results of the two-year pilot program will fail to sway its opposition to a welfare-policy idea that's gaining traction among those looking for an alternative in the post-industrial age. "We think it takes social policy in the wrong direction," said Ilkka Kaukoranta, chief economist of the Central Organization of Finnish Trade Unions, which has nearly one million members.
Since January, a group of unemployed Finns aged between 25 and 58 have been receiving a stipend of 560 euros ($600) per month. The amount isn't means-tested and is paid regardless of whether the recipient finds a job, starts a business or returns to school... Advocates say it eliminates poverty traps and redistributes income while empowering the individual and reducing paperwork... While limited in scope (it's conditional on the beneficiary having received some form of unemployment support in November 2016) and size (it's based on a randomly-selected sample of 2,000 jobless people), the Finnish trial may help answer questions like: "Does it work"? "Is it worth it"? And the most fundamental of all: "Does it incite laboriousness or laziness...?"
The trade union argues this UBI program would cost 5% of Finland's entire gross domestic product, making it "impossibly expensive."
Since January, a group of unemployed Finns aged between 25 and 58 have been receiving a stipend of 560 euros ($600) per month. The amount isn't means-tested and is paid regardless of whether the recipient finds a job, starts a business or returns to school... Advocates say it eliminates poverty traps and redistributes income while empowering the individual and reducing paperwork... While limited in scope (it's conditional on the beneficiary having received some form of unemployment support in November 2016) and size (it's based on a randomly-selected sample of 2,000 jobless people), the Finnish trial may help answer questions like: "Does it work"? "Is it worth it"? And the most fundamental of all: "Does it incite laboriousness or laziness...?"
The trade union argues this UBI program would cost 5% of Finland's entire gross domestic product, making it "impossibly expensive."
Can't come soon enough, you think people will be glad to see a flood of overweight Americans whose only "asset" is a maxed out credit card? Stay inside the wall, Make Amurrikah Great Again, please.
Not everyone will be Newton or King
No, no one is going to be Newton or King. Your theory sucks, and your argument sucks as well: because you start with one point, give good, concrete examples supporting it, then fully admit that it is unrealistic to expect that people are going to live up to your examples. Then you follow up with a second example, for which you present not evidence whatsoever. You didn't even try!
"First they came for the slanderers and i said nothing."