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Current Events PopWrapped | Current Events

Finland Plans On Giving Each Of Its Citizen $870 For Basic Monthly Income

Rain Varela | PopWrapped Author

Rain Varela

Staff Writer
12/12/2015 12:16 pm
PopWrapped | Current Events
Finland Plans On Giving Each Of Its Citizen $870 For Basic Monthly Income | finland
Media Courtesy of CNA Finance

"It is not what your country can do for you, but what you can do for your country," former US President John F. Kennedy once said, in an impassioned speech. But as it turns out there are some countries out there who prefer to do more for their citizens than just calling on them to sacrifice in behalf of the nation's greater good.

In a move that might give the the Republican party a collective apoplexy when they hear about it, the Nordic nation of Finland is considering a plan to give each citizen 800 tax-free Euros ($870), on a monthly basis. And it is not just for the poor or unemployed, this is for every single adult citizen - even the rich - so the plan is absolutely fair. If you ask me though, the wealthy people should give it to charity instead... if they have a heart or a sense of decency.

The move is set to roll out in 2017, and it is intended to replace other social welfare programs and unemployment payments. There's hopes that it won't cause an imbalance in the government's coffers.

There are also fears about this plan, that it might cause people to be less motivated to find employment, but the government is actually hoping that it would actually encourage its poorer citizens to work. Finland's unemployment rate, at 9%, is the highest in ten years. Part of the reason for this is that many citizens are afraid of taking part time or low paying jobs because it would mean that they lose their unemployment benefits, which is way more than what they could earn. By having this new basic income, there's hope that the Finnish will take on jobs to boost their financial capability.


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