This is funny but very predictable. UBI or Universal Basic Income as it was called was in January 2017 adopted by the Finnish Government and is now coming to an end as the project didn't work? Wait what did you say? Giving people free money will not work to make them more productive and creative?
https://futurism.com/finland-has-finally-launched-its-universal-basic-income-experiment/
The pie in the sky moment for the Universal Basic Income movement took a big hit as Finnish government says that the program didn't work for now. Well when will it ever work???
At World Alternative Media we have done several report on the subject and we also said that UBI will cause taxes to go up and cause inflation making the new money made to create the UBI system less worth as well.
A report from the OECD said that Finland would need to raise taxes about 30% in order to afford a broader UBI application. https://www.oecd.org/eco/surveys/Finland-2018-OECD-economic-survey-overview.pdf It would have also exceeded the whole current Finnish government budget. With the Finnish government has the world second highest expenditure to GDP which is still above 50% of all GDP.
Giving anyone anything for free is not going to make them more goal oriented and willing to take action. I have learned this through being on the recieving end at one time and also being on the giving side.
Giving people something for free only make them more entiteled. They get lazy and will wait for more from whom gave it to them and after a while they will start to blame them for not being successful as they are not recieving enough from them. It is just basic human psycology. A person has to want to change in order for them to change. If you were lucky to give the money to someone who was driven then you might have luck with UBI, but giving it to everyone and expecting everyone to take action and change their lifes is a very flaved and virtuesignalling way of thinking!
The Finnish government initially wanted to give €800, but ended up with €560 since they could not afford the money. The money was given out to working age population with next to no results and forced the government to stop it both from lack of results and a lack of money!
The UBI system or Helicopter money as one can also call it as it is very similar to Helicopter Ben Bernanke's push to give everyone money to spend to fire up the economy. Both are the flawed consepts of not providing any value other than the diminishing value of the fiat they wanted to print to give to people for free much like the banks create money for free they never had. The banks has a blanket UBI as well and you can clearly see the malinvestments and scamming happening in the economy from this believe system.
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Nothing is free and everything comes with a price. Let that be a lesson as I hope we can soon move away from all of the flawed socialist ideologies floating around as you can see as I described above you cannot teach an old dog new tricks! Its all a psycological creation people have created that are not providing anything of value to society anymore. It's just the truth. It might be an unpopulare truth, but none the less its true!
Peace, Love and Voluntaryism,
John
The UBI experiment HAS NOT FAILED.
"Although many reports claimed this meant the end of basic income in Finland, this actually means that the experiment will only run until the end of 2018, as initially planned.
Instead it will wait for the results from this initial trial before making any decisions about a wider roll-out of the initiative."
Full story : http://www.wired.co.uk/article/finland-universal-basic-income-results-trial-cancelled
If you read more into it. There is no money for it :D Surprise :D
Did you read my article? And the numbers do you at least have any argument than sharing an Wired Socialist article?
People have been coming up with schemes to avoid working since always... If this was ever really implemented the question would be who would kill us first? Governments or AI?
People would just be dead weight for the government and the environment. With Communism and Fascism people were killed in the millions just for being a nuisance, imagine what would happen if keeping us alive cost them a fortune, plus they'd have all the advanced weaponry...
Your lack of knowledge on AI is what will kill you.
AI is a lifeform its not a program this is something science does not yet understand.
A nonsense rant, ad hominem attack from someone not living (or that ever lived) under communism.
Would you like to live in a communist country? I have many, many friends in Cuba that would trade places with you right now. What do you say do we have a deal? Heck I'll even throw in a free one way ticket for you since your strongest motivation is free stuff. What do you say? BTW, great nickname! You'll fit right in with the CDRs (Cuban Stasi style neighborhood snitching organization) with such a sheepish nickname!
Sure, where? Why did you escape that paradise on earth? haha
Why don't you go there and stay there to find out? Put your feet where your mouth is. I'm not kidding I have friends in Cuba that want your spot here, let's trade.
If you want to read a professional analysis of the program then I would recommend the Bloomberg article cited in this post.
UBI funded by tax dollars will never work. I kind of wonder about the Manna project. As skeptical as I am, I think cryptocurrency UBI at least, has a chance to work!
I don't believe in it simply by have studying human psycology and conciousness :)
I guess the remains one important question, will all enthousiasts for a free universal income believe that this 2 year test is representative for the whole world? And that it would be useless to try this again?
I don't know the details of this experiment but it was criticized even before it started.
But you're barking up the wrong tree if you think UBI is to blame for giving people free money. There already exists guaranteed minimum income in Finland not much different from this implementation of UBI but how that money gets paid is much more bureaucratic.
Sure you can criticize income transfers on principle. Just be aware that AI, automation and outsourcing will utterly destroy the labor market in the coming decades. Jobless recovery has already been seen. But what lies ahead is nothing like we've seen before. What are you going to do when structural unemployment reaches 30%, 50% or 80%?
We have had a lot discussion about this free money in Germany. It's just ridiculous. Not that I don't understand the arguments of the pro-side, but it's just another idealism, another ideology of modern times, that forgot about history and the nature of humanity. Many things to come can be foreseen looking in the past. Because many of our modern times thinking has actually been thought already... time is a flat circle, lol.