Let the basic income begin - Finland gives 2000 citizens money for nothing

Let the basic income begin - Finland gives 2000 citizens money for nothing
Let the basic income begin - Finland gives 2000 citizens money for nothing
Author

04 January, 2017

The initiative which has taken by the country is just like a social experiment to cut government red tape, diminish scarcity and increase employment. It will also allow unemployed people to pick up odd jobs without losing their benefits. Experts say this will actually encourage the jobless to seek out employment opportunities (didn't these same people say welfare was not a deterrent to seeking employment?). The country now has an unemployment rate of around 8.1 percent.

Less than a year after Switzerland held the world's first nationwide vote on a basic monthly income, Finland has become the first country in Europe to provide it experimentally for some unemployed citizens.

The hope is that once unemployed people receive a guaranteed income they'll feel incentivised to look for a job and generally to improve their lives.

Recipients, who are randomly-selected, are still entitled to receive the benefit even if they find work - a contrast to current rules, under which unemployed Finns lose benefits commensurate with their in-work income.

At its heart, that's the problem with all test of Basic Income; When individuals know that it's only a test and that the benefits aren't permanent, they aren't likely to change their behavior. To put that into perspective, the average income for a private sector employee in the country is £3,500 (about $3646). Under Universal Basic Income (UBI), people will receive a standard amount of cash for just being alive. Those chosen will receive 560 euros every month, with no reporting requirements on how they spend it.

If it is successful, the messy system of social security in Finland will be resolved.

JonBenet Ramsey's Brother Files $750 Million Lawsuit Against CBS
The TV special suggests that the night of the murder, Burke hit his sister over the head with a flashlight, killing her. JonBenét Ramsey was found dead in the basement of her family home in Boulder, Colorado, on December 26, 1996.

Kela's research team recommends expanding the pilot program to include people with small incomes in 2018.

A jobless person may now refuse a low-income or short-term job in the fear of having his financial benefits reduced drastically under Finland's generous but complex social security system.

"However I am critical how this experiment is tested because the participants still have to claim other social benefits such as housing income".

"It's highly interesting to see how it makes people behave".

The basic income experiment is one of the key projects formulated in the programme of Finnish Prime Minister Juha Sipila's government.


More news


  • Light flurries in Denver Tuesday with colder temperatures, snow on the way

    Light flurries in Denver Tuesday with colder temperatures, snow on the way

    The mild, mid-40s temperatures on Monday were nearly 10 degrees above normal for early January, according to weather service data. A similar chance of showers and patchy fog is expected Wednesday with a high around 77 and a low of about 60.
    Dude runs on stage and steals World Darts Trophy during competition

    Dude runs on stage and steals World Darts Trophy during competition

    But three days into 2017, he now has the world crown again after defeating Anderson with a performance of supreme brilliance. Everyone keeps saying you need to win a second one.
    India's Modi defends decision to demonetize high-value bills

    India's Modi defends decision to demonetize high-value bills

    Nobody will have faith in such a Prime Minister", he tweeted. "Had there been even a single achievement he would have gone to the town, tom-toming it", he said.
  • Janet Jackson Welcomes First Baby!

    Janet Jackson Welcomes First Baby!

    Jackson and husband Wissam Al Mana confirmed in October that they were expecting. "I feel your love and prayers". Janet Jackson welcomed her first child with husband Wissam Al Mana on Tuesday, a baby boy named Eissa.

    No. 7 Oklahoma vs. No 14 Auburn

    The Auburn Tigers and the Oklahoma Sooners will both be gunning for a victory on Monday when they meet at Mercedes-Benz Superdome. Still, establishing the running game with Kam Pettway and Kerryon Johnson will remain important to give White time in the pocket.
    Del Potro to miss Australian Open over injury concerns

    Del Potro to miss Australian Open over injury concerns

    Juan Martin del Potro feels missing the Australian Open is best for his career after confirming he will not play in Melbourne. Martin Del Potro was also forced to withdraw from his warm up event, Auckland Classic.
  • Matriarch orca 'Granny' of J Pod believed to be dead

    Matriarch orca 'Granny' of J Pod believed to be dead

    Experts say it's not possible to be exact about Granny's age, but it's generally believed the female orca was more than 100 years old.

    Peach Bowl 2016: Washington vs

    Milloy was also a four-time Pro Bowl pick and played a big role in the New England Patriots' Super Bowl XXXVI Championship. The Latest on the College Football Playoff Peach Bowl semifinal game between No. 1 Alabama and No. 4 Washington.
    Black Twitter reacts to Dylann Roof refusal to save his life

    Black Twitter reacts to Dylann Roof refusal to save his life

    Previously, Roof told Gergel he didn't want his mental health to be considered as a mitigating factor in his crime. District Judge Richard Gergel that he does not plan on using evidence or any witnesses to help his case.
  • Western Michigan Broncos vs. Wisconsin Badgers Odds and Trends Cotton Bowl

    Wisconsin's defense also looked their usual selves, and led by junior linebacker TJ Watt, they held the Broncos' offense in check. Bart Houston completed 11 of 12 passes for 159 yards for the Badgers (11-3) while Corey Clement ran for 71 yards and a touchdown.
    Rogue One finishes No. 2, to Finding Dory, at United States  box office

    Rogue One finishes No. 2, to Finding Dory, at United States box office

    And in just over two weeks of release, it managed to become the second-highest grossing movie (at least domestically) of 2016. Denzel Washington directs and stars in the August Wilson adaptation, with Viola Davis playing a key supporting role.
    Boston Celtics Give The Gift Of A Win On Christmas Day

    Boston Celtics Give The Gift Of A Win On Christmas Day

    NY shot 50 percent from the field on 18 of 36 shooting, while Boston went 22 of 49 for 44.9 percent in two quarters. Celtics: Boston beat NY for the fourth straight time. "That's up to the coaches, " said Rose, who scored 25 points.