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Universal Basic Income
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 Seth  On a pale blue dot 08 Dec 15 5.12pm |
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Finland is thinking about trialling a system where they give all their citizens an income of 800 Euros a month and scrapping benefits. This was discussed on Newsnight last night and there are some issues with it, but in essence it sounds like a creative and simpler new way of running a nation's finances. From Forbes Economics & Finance: Finally, Someone Does Something Sensible: Finland To Bring In A Universal Basic Income There’s rather a lot of discussion around these days about the merits of a universal basic income. We have, for example, those who tell us that the robots are about to steal all our jobs and therefore we need to tax the capital owners in order to provide that basic income for all. Well, maybe, but it’s not going to work out that way. However, that universal basic income is still a startlingly good idea simply because it’s better than any of the various welfare systems we have at present. But do note: It works by being universal and basic. What do HOLers think? Edited by Seth (08 Dec 2015 5.15pm)
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Ketteridge  Brighton 08 Dec 15 5.18pm |
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Could you post a link, sounds interesting but need to understand if it a variation on tax credits. thanks
One supporter of hacking argued that without it "you will do away with the courage and pluck of the game, and I will be bound to bring over a lot of Frenchmen who would beat you with a week's practice -Blackheath secretary at first meeting of the F.A |
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| Ketteridge Brighton 08 Dec 15 5.19pm |
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Sorry seen link, silly me
One supporter of hacking argued that without it "you will do away with the courage and pluck of the game, and I will be bound to bring over a lot of Frenchmen who would beat you with a week's practice -Blackheath secretary at first meeting of the F.A |
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Holmesdale Nick  South Croydon 08 Dec 15 5.56pm |
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so as I understand it, everyone over the age of 18 receives a set amount per month. All other benefits are scrapped. Therefore the cost of running the benefits and welfare system are dramatically reduced.
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| Seth On a pale blue dot 08 Dec 15 6.28pm |
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Quote Holmesdale Nick at 08 Dec 2015 5.56pm
so as I understand it, everyone over the age of 18 receives a set amount per month. All other benefits are scrapped. Therefore the cost of running the benefits and welfare system are dramatically reduced.
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| DanH SW2 08 Dec 15 6.31pm |
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Quote Holmesdale Nick at 08 Dec 2015 5.56pm
so as I understand it, everyone over the age of 18 receives a set amount per month. All other benefits are scrapped. Therefore the cost of running the benefits and welfare system are dramatically reduced.
Be interesting to see how it works if Finland implement it.
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| Seth On a pale blue dot 08 Dec 15 6.35pm |
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Quote DanH at 08 Dec 2015 6.31pm
Quote Holmesdale Nick at 08 Dec 2015 5.56pm
so as I understand it, everyone over the age of 18 receives a set amount per month. All other benefits are scrapped. Therefore the cost of running the benefits and welfare system are dramatically reduced.
Be interesting to see how it works if Finland implement it.
Personally I think it's potentially a very good idea which may spread wider if the trials are successful.
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pefwin  Where you have to have an English ... 08 Dec 15 8.33pm |
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I remember a school boy getting onto Nationwide because he won a competition with the same idea. That was 40 years ago.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| elgrande bedford 08 Dec 15 9.00pm |
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Population of Finland,5.3 million..Population of uk 63.1million.
always a Norwood boy, where ever I live. |
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| pefwin Where you have to have an English ... 08 Dec 15 9.04pm |
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Quote elgrande at 08 Dec 2015 9.00pm
Population of Finland,5.3 million..Population of uk 63.1million.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| elgrande bedford 08 Dec 15 9.06pm |
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Quote pefwin at 08 Dec 2015 9.04pm
Quote elgrande at 08 Dec 2015 9.00pm
Population of Finland,5.3 million..Population of uk 63.1million.
always a Norwood boy, where ever I live. |
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| pefwin Where you have to have an English ... 08 Dec 15 9.10pm |
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Quote elgrande at 08 Dec 2015 9.06pm
Quote pefwin at 08 Dec 2015 9.04pm
Quote elgrande at 08 Dec 2015 9.00pm
Population of Finland,5.3 million..Population of uk 63.1million.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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