The Finnish Model , by Guy Sorman (City Journal)
... Economists and sociologists in universities, laboratories, and foundations provide a steady stream of fresh approaches to these problems. But politicians don’t seem to read much these days, preferring the advice of a closed circle of marketing consultants and dried-up slogan manufacturers. This makes Finland’s move toward instituting a universal basic income (UBI)—often referred to by economists as a negative income tax—all the more refreshing. The negative income tax is often associated with the free-market economist Milton Friedman, who defended it with passion and flair in the 1970s.
This year, the Finnish government hopes to begin granting every adult citizen a monthly allowance of €800 (roughly $900). Whether rich or poor, each citizen will be free to use the money as he or she sees fit. The idea is that people are responsible for their actions. If someone decides to spend their €800 on vodka, that is their decision, and has nothing to do with the government. In return for the UBI, however, the public accepts the elimination of most welfare services.
Sunday, March 20, 2016
In Finland, a monthly allowance and the elimination of welfare services?
It's not quite as good as the local Democratic party's "bonus paving points" voter gifts, but we'll keep our minds open to the possibilities.