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Title: Finland is considering giving every citizen €800 a month
Source:
UK Telegraph
URL Source: http://www.telegraph.co.uk/news/wor ... every-citizen-800-a-month.html
Published: Dec 6, 2015
Author: Adam Boult
Post Date: 2015-12-06 12:42:26 by cranky
Keywords: None
Views: 10437
Comments: 62
Proposals for a national basic income are intended to simplify the social security system and encourage more unemployed people to take on temporary work Authorities in Finland are considering giving every citizen a tax-free payout of €800 (£576) each month. Under proposals being draw up by the Finnish Social Insurance Institution (Kela), this national basic income would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive any other income. Unemployment in Finland is currently at record levels, and the basic income is intended to encourage more people back to work. At present, many unemployed people would be worse off if they took on low-paid temporary jobs due to loss of welfare payments. More than 10 per cent of Finland's workforce is currently unemployed, rising to 22.7 per cent among younger workers. According to research commissioned by Kela, close to 69 per cent of the Finnish population favours the idea of a national basic income. Finnish Prime Minister Juha Sipila Detractors caution that a basic income would remove people's incentive to work and lead to higher unemployment. Those in favour point to previous experiments where a basic income has been successfully trialed. The Canadian town of Dauphin experimented with a basic income guarantee in the 1970s and the results - both social and economic - were largely positive. Finnish Prime Minister Juha Sipilä supports the idea, saying: “For me, a basic income means simplifying the social security system.” The basic income will cost Finland roughly €46.7 billion per year if fully implemented. Kela's proposals are due to be submitted in November 2016. The Dutch city of Utrecht is also planning to introduce a basic income, albeit solely for welfare recipients. From next month more than 250 unemployed residents of the city will be given a monthly sum to live on, with researchers monitoring the outcome to determine what effect it has on employment. Switzerland is also considering introducing a national basic income. In September the Swiss parliament voted, with a large majority, for a motion calling on the Swiss people to reject the Popular Initiative for Unconditional Basic Income. However, a nationwide referendum on the issue is slated for 2016 and, according to a recent online poll, 49% of the Swiss would currently vote in favour of its introduction. 
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Begin Trace Mode for Comment # 23.
#1. To: cranky (#0)
(Edited)
Under proposals being draw up by the Finnish Social Insurance Institution (Kela), this national basic income would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive any other income. Unemployment in Finland is currently at record levels, and the basic income is intended to encourage more people back to work. At present, many unemployed people would be worse off if they took on low-paid temporary jobs due to loss of welfare payments. Fair Tax advocates in the USA are considering giving every citizen a tax-free payout/prebate of $1000. each month. Under proposals being draw up by the Fair Tax legislators this national basic income would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive any other income. Unemployment in the USA is currently at record levels, and the basic income (AKA as a 'Prebate') is intended to encourage more people back to work. At present, many unemployed people would be worse off if they took on low-paid temporary jobs due to loss of welfare payments. It's probably too late for a tax scheme like the Fair Tax (with prebate) - coupled with a repeal of ALL income tax codes, -- to avert national financial collapse, -- - but it may be worth a try.
Don't be stupid The deliberately misnamed "Fair Tax" is a proposal advocated by the worst tax frauds, money launderers, swindlers, cheats, thiefs, grifters, conartists & corporate shills in Congress. Their claim that business income taxes are a hidden, embedded "cost" that are "passed along" to the consumer is a baldfaced lie. Business income taxes are NOT a cost. They are a lawful government confiscation of a portion of the business profits (if any) calculated AFTER costs are deducted from revenue... If a business doesn't make any profit, then a business doesn't pay any business income tax. In fact, the idiotic assertion that ANY cost can simply be "passed along" to the consumer shows total ignorance of how businesses operate in a competitive market economy. Prices are determined by supply & demand in the marketplace with NO guarantee that businesses will make a profit. If companies could simply "pass along" their costs, no business would ever go bankrupt. If you want to give the "Fair Tax" a try, tpaine, then you might as well become a monthly donor to JimRob's Eternal Snookerthon! Dig deep into your wallet, tpaine... Jimmy only needs another $4.3k to go to put him over the top for the 4th Qtr which he's been dragging on forever!
The deliberately misnamed "Fair Tax" is a proposal advocated by the worst tax frauds, money launderers, swindlers, cheats, thiefs, grifters, conartists & corporate shills in Congress. Their claim that business income taxes are a hidden, embedded "cost" that are "passed along" to the consumer is a baldfaced lie. And were did you learn business economics, Willie Boy, Karl Marx? If a business does not earn an acceptable AFTER TAX PROFIT it will not stay in business. In order for a business to earn an acceptable AFTER TAX PROFIT the amount of taxes MUST BE COVERED in the cost of the products that it sells. In other words, stupid, cost cost of taxes is borne by the consumer of those products.
In a competitive market economy, is business guaranteed to make an "acceptable" AFTER TAX PROFIT? I'll give you a hint: the answer is NO.
I'll give you a hint: the answer is NO. Sometimes they just plain can't compete with other businesses. Too bad. That doesn't change the fact that the cost of taxes is paid for by the consumer not the business. In you Marxist lala land if not business earns the required after taxes profit there will be no business. But of course that's what you want, 100% ownership of everyhting by the government.
Nope. Can't happen. company's tax obligation (if any) is unknown when the consumer makes a purchase. It cannot be determined whether the company is operating at a profit or a loss until AFTER revenues and expenses are tallied at the end of the fiscal period. Income taxes are merely confiscation of a portion of the profit. You have pre-tax profit & you have after tax profit. The tax obligation belongs to the business, not the consumer.
This is one of the most idiotic statements I have ever seen - anywhere, on any subject. You reeally are a total moronic loon.
He has not grasp of economics, at all! He lives in a utopian mind set that his progressive master told him about. If he pulled his head out of his back side and used his head for something more than a hat rack he might realize that the dimwits are the number one problem facing Amerika with GOP elites next.
#25. To: Justified, SOSO, tpaine (#23)
And you 3 have outed yourselves as nothing but a bunch of GOP Establishment RimJob brown-nosers... Woo-Hoo to ALL of you.
Top • Page Up • Full Thread • Page Down • Bottom/LatestAuthorities in Finland are considering giving every citizen a tax- free payout of €800 (£576) each month.
#2. To: tpaine (#1)
-- - but it may be worth a try.
Where'd you learn your business economics, tpaine?
From Jimmy "Woo-Hoo" Robinson?
#4. To: Willie Green, tpaine (#2)
Don't be stupid Where'd you learn your business economics, tpaine? From Jimmy "Woo-Hoo" Robinson?
#7. To: SOSO (#4)
If a business does not earn an acceptable AFTER TAX PROFIT it will not stay in business. In order for a business to earn an acceptable AFTER TAX PROFIT the amount of taxes MUST BE COVERED in the cost of the products that it sells. In other words, stupid, cost cost of taxes is borne by the consumer of those products.
Sometimes they just plain can't compete with other businesses. Too bad.
#19. To: Willie Green (#7)
In a competitive market economy, is business guaranteed to make an "acceptable" AFTER TAX PROFIT?
#20. To: SOSO (#19)
That doesn't change the fact that the cost of taxes is paid for by the consumer not the business.
#22. To: Willie Green, All (#20)
Nope. Can't happen. company's tax obligation (if any) is unknown when the consumer makes a purchase. It cannot be determined whether the company is operating at a profit or a loss until AFTER revenues and expenses are tallied at the end of the fiscal period.
#23. To: SOSO, Willie Green (#22)
This is one of the most idiotic statements I have ever seen - anywhere, on any subject. You reeally are a total moronic loon.
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