Finland experiments with universal basic income scheme

Makes sense to me.

Finland Economic Outlook
December 20, 2016

The long stagnant economy churned out another quarter of weak growth in Q3, expanding 0.4% from the previous quarter. Although the headline number was a better reading than Q2’s 0.1% contraction, the details showed a still beleaguered external sector, which remains too heavily centered on a struggling agricultural sector and a battered forestry industry. Conversely, domestic demand continued to be a bright spot, and its upbeat momentum is likely to have carried over into the fourth quarter, as suggested by both a second month of strong expansion in industrial output in October and an over five-year high in consumer confidence in November. Less positive was October’s unemployment rate, which jumped after having reached a two-year low in August.

Basically a cap to encourage work. It makes limited sense. That was my problem when I was unemployed. I was unemployed for nine months and when you added up all of my benefits (food stamps, utility subsidy, COBRA, etc) I was making about $15 per hour. And the job center would get pissed as I was turning down $17/$18 per hour jobs. I'd tell them, "why bother? If I get a job, I then have to buy my own food, etc."

other than what could go wrong with this one... Another experiment in the Social programs from hell...
Love the final and bottom Line...
..."... "While at first glance a universal basic income might appear desirable, any practical implementation will invariably be unaffordable. Because it doesn't take into account individual needs properly, it will markedly increase inequality," Conservative politician Damian Hinds said during the debate, The Independent reported...." ...