Comments by "Mikko Rantalainen" (@MikkoRantalainen) on "4.3 million people quit their job in August" video.

I think Unconditional Basic Income (UBI) should be introduced everywhere. Then it still actually makes sense to work for $7 per hour instead of spending all your time in the basement of your parents.
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21:20 "Can you hear that, he's purring" while pushing the microphone to the side of the cat and audio sounds like 8 cylinder combustion engine :D
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@herrschaftg35 UBI allows lesser earning people to have a reason to go to work. Never underestimate how much it matters that everybody stays sane.
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@herrschaftg35 I guess the total additional cost of UBI really depends on the existing benefit system. Here in Finland you can already get many different benefits even if you don't work already. I think the unemployment benefit + housing benefit already total around 800-1000 EUR/month. However, if you get even a low pay job, you'll totally lose the unemployment benefit immediately and it's better to stay at home instead of accepting such a job. With full UBI accepting any job would always increase your total income over continuing as unemployed. In countries where existing benefits are much worse, sure, changing directly to full UBI is too hard to step to take in many cases. As for actually implementing UBI, at least here in Finland, the politics has been too complex problem to solve this far. Some people seem to understand UBI as a replacement for unemployment benefit only and when they then assume that all those people still need the housing benefit plus random additional benefits, the system immediately gets too expensive. The whole point of UBI is that it should replace all existing benefits systems so if existing benefit systems have total budget of X EUR per year, that's the budget you can use for full UBI. Also note that here in Finland we have heavy progression in the income tax, too. In practice people with high income will fully pay the UBI back in form of income tax so it doesn't actually increase the costs for those people. The tax receipt would just show higher total income and higher tax and the actual usable income would be about the same as today.
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