About that universal basic income thingy that Mark Zuckerberg keeps talking about? Just take a lesson from Finland.
International Liberty by Dan Mitchell
The notion that government should automatically give everyone money – a policy known as “universal basic income” – is now getting a lot of attention.
From an economic perspective, I acknowledge that the idea should not be summarily rejected. Here’s some of what I wrote earlier this year.
…there actually is a reasonable argument that the current welfare state is so dysfunctional that it would be better to simply give everyone a check instead.
So when the topic came up as part of a recent interview, I criticized the proposal and praised Swiss voters for rejecting – by an overwhelming margin – a referendum that would have created a basic income in that nation.