Experiment gives 2,000 people free money until 2019

[rangerrebew]

Experiment gives 2,000 people free money until 2019
'Some people might stay on their couches ... we don't know yet'
Published: 26 mins ago

(BUSINESSINSIDER) — Finland has an ambitious New Year’s resolution in mind: learn how offering free money for two years helps the unemployed get back to work.

Starting January 1, 2017 and lasting until 2019, the federal social security institution Kela will distribute roughly $590 each month to 2,000 jobless Finns.

Regardless of whether they find work during that period, the money will keep coming in at the beginning of each month — a trial version of basic income, one of the past year’s most popular theories of how to solve poverty.
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Read more at http://www.wnd.com/2017/01/experiment-gives-2000-people-free-money-until-2019/#WL7JWD88lbdfQlBV.99

[geronl]

Welfare, it's been tried

[dfwgator]

What could possibly go wrong?

[geronl]

What could possibly go wrong?

idle hands, free money

same as what always goes wrong

humans

[Sanguine]

Hmmm.   Anyone want to make any predictions as to what will happen?

[geronl]

Hmmm.   Anyone want to make any predictions as to what will happen?

Alcoholism, drug-use among these 2,000 becomes endemic and when 2019 comes around all of them will have no savings and will be scrambling to find menial jobs (being out of the workforce for another year sure makes one employable again, lol)

[geronl]

They'll be at least one divorce with the spouse demanding half of this free money.

[Frank Cannon]

$590 each month to 2,000 jobless Finns.

The cost of living is high there. That money isn't anything substantial.

[Cyber Liberty]

$590 each month to 2,000 jobless Finns.

The cost of living is high there. That money isn't anything substantial.

You're correct, and therefore it proves nothing.  If you want evidence of whether or not a nice mattress made out of money is a wonderful thing, just track the thousands of people who have won State Lotteries around the country.  See how they have done.

[Wingnut]

$590 each month to 2,000 jobless Finns.

The cost of living is high there. That money isn't anything substantial.

How many hookers and booze can $590 buy in Finland? 

[HonestJohn]

Canada tried it a decade or so ago.  I've heard both good and bad about it.

But nothing about whether it's something that is affordable to a national government.

https://en.m.wikipedia.org/wiki/Basic_income

[rangerrebew]

Hmmm.   Anyone want to make any predictions as to what will happen?

I say it will be a total failure but you won't hear that from the Finnish government or the media.

[geronl]

You're correct, and therefore it proves nothing.  If you want evidence of whether or not a nice mattress made out of money is a wonderful thing, just track the thousands of people who have won State Lotteries around the country.  See how they have done.

Many of them crashed, hard.

[240B]

Gravity Payments company CEO decided to raise everyone in the company to $70,000 a year.


Many of his senior people quit because now a new hire who has been there for a couple of days was making as much as them.
Several customers dropped the company because they were foretelling the inevitable price hikes to pay for salaries.
The CEO is now broke, and is renting out his home for money.


The company Gravity Payments Co. is bound to fail.


All this proves, once again, is that Liberals simply cannot comprehend basic economics. If everyone in a country won the lottery, then no one did. All prices will rise and everyone stays the same, on a relative scale.