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user-inactivated · 3302 days ago · link · · parent · post: Finland plans to give every citizen 800 euros a month and scrap benefits
Oh I totally get that. I'm a huge fan of Milton Friedman and this is what he suggested way back in the early 1980s and what instead morphed into the earned income tax credit. I just wonder why you wouldn't means test it, if in case Bloomberg based their calculations off of actual Finnish releases instead of just back of the napkin math, which is not guaranteed. It would add complexity to the system which would cost some money, but if only a minority (say 25%) needed the mincome, then giving it to everyone seems to reduce the funding that would end up being available to those in need. For example if you have 800 available for everyone, and that includes giving to those who do not need it, then why not give fewer people 1000 Euro?