The Conservative Cave
Current Events => Economics => Topic started by: FiddyBeowulf on March 22, 2016, 09:00:44 AM
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Finland wants to give everyone there roughly $900 a month to do with what they will. The poor's $900 will not be taxed and the rich will have nearly it all taxed. A progressives dream come true, right? But there is a hitch, Finland is going to dismantle nearly all social welfare programs and the bureaucracies that support them. :evillaugh:
https://www.commentarymagazine.com/politics-ideas/great-experiment-finland/
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Sounds like the FairTax prebate, which is intended to cover the costs of taxes on basic food, medicine, and clothes. Everyone gets it. It's assumed that the wealthy will get higher-end products, while those lower on the economic ladder will get basic items, therby reducing their tax liability.
What I love about the FairTax is that EVERYONE pays. You want those new Jordans? Taxes paid at point of sale. Got your money selling crack? I don't care, you still gotta eat. Taxes paid at point of sale. You here illegally? No prebate for you! You have to eat too. Taxes paid at point of sale.
Make a billion bucks, but don't buy anything? No tax. Your income (how much and from where) isn't the gov't's business.
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Having lived in Finland for 2 years, I doubt they can or will eliminate all social welfare programs. The cost of living is high, so the "poorest of the poor" will starve in droves on $900 per month.