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What Is There to Learn from Finland’s Basic Income Experiment? Did It Succeed?

1 pointsby 2noameover 6 years ago

1 comment

luckylionover 6 years ago
Correct me if I&#x27;m wrong, but they also left out the question of financing. Since UBI needs to be financed, and would require a higher budget, taxes would need to be raised. If taking on a job would then hit you with 30% instead of 10% taxes, that would disincentivize it. These tests feel a bit like testing &quot;free energy harvesting machines&quot; and ignoring the power chord that runs from the machine being tested to a wall socket. That&#x27;s the external source of money: the rest of the country.<p>I&#x27;m sure we can get a perfect example of UBI in, say, Switzerland, if we make France foot the bill. People in Switzerland will be happy: taxes stay the same, but everybody has $2000 more available per month. Alas: will the French be happy?