Finland’s “free money” experiment has come to a grinding halt.
Kela, the government agency in charge of redistributing benefits, revealed that the “basic income experiment did not increase the employment of participants during the first trial year”
In January 2017, Kela and the Finnish Centre for Economic Research teamed up to carry out a two-year experiment that randomly selected 2,000 unemployed Finns and gave them a monthly basic income of approximately $634. Mind you, these individuals were given the income stipend regardless of whether they were actively seeking employment.
Miska Simanainen, a Kela researcher, informed the BBC that the experiment was conducted in order “to see if it would be a way of reforming the social security system”.
Simanainen asserts that the trial had not “failed”, and instead claims that it “is not a failure or success – it is a fact, and [gives us] new information that we did not have before this experiment.”
Given the Finnish government’s decision to pull the plug on this project so quickly, Simanainen’s spin on Finland’s Universal Basic Income project should be called into question.
The UBI is all the rage these days in socialist circles, as numerous political figures like Alexandria Ocasio-Cortez have flirted with the idea.
Like any socialist program, however, there are hidden costs that come with the UBI.
The Organisation for Economic Co-operation and Development (OECD) estimated that Finland would have to increase its income taxes by 30 percent in order to fully implement its UBI scheme.
Additionally, the OECD cautioned that the UBI could potentially cause Finland’s poverty rate to increase from 11.4 percent to 14.1 percent.
Feel-good intentions aside, UBI’s are destined to fail because of their redistributionist characteristics.
Increasing worker productivity is at the crux of raising living standards. To do so, capital must be accumulated.
However, the UBI takes resources away from employers, thus stifling capital accumulation. Workers receiving government aid end up living at the expense of other workers who lose out on opportunities to increases their productivity. In the end, these workers get lower wages than they would have in the absence of the UBI.
As a result, society becomes poorer overall.
In all likelihood, the Finnish government came to this conclusion while running their UBI experiment. To be fair, they at least kept this program at a limited scale.
Had the whole country been subject to the UBI, the results would have been disastrous for Finland.
Regardless, we can chalk another loss for socialism.
Hispanic Oregon Candidate Fesses Up to Committing a Race Hoax
A race hustler recently admitted to writing a racist letter to himself.
Jonathan Lopez, a candidate for Umatilla County commissioner, fessed up to writing an anonymous racist letter on July 6, 2020.
According to the Washington Times, Lopez claimed to have received the letter in June.
But he then confessed to the police that he was the individual who wrote the letter, the East Oregonian reported.
Lopez is Hispanic and claimed that he found a letter directed to him which was allegedly filled with racist language on June 23. He published the photo of a typed letter on Facebook, which hundreds of users shared in a span of 24 hours. Since then, the post has been removed.
Things changed, though, when police did a follow-up with Lopez about the incident on July 3. Law enforcement officials recounted that Lopez confessed to being the author of the letter.
“The time spent on this fictitious claim means time lost on other matters, not to mention it needlessly adds to the incredible tension that exists in our nation today,” Hermiston Police Chief Jason Edmiston said to the newspaper.
Edmiston then said the case would be sent over to the Umatilla County District Attorney’s office. From there it would be reviewed for initiating a false report, which is a Class A misdemeanor in Oregon.
Lopez ended up losing a primary election for a seat on the Umatilla County Board of Commissioners in May 2020.
In correspondence with the East Oregonian, Lopez claimed that he wanted to have a discussion with Edmiston about racism in Umatilla County. He used the letter as an example of the alleged racism that people experienced on a daily basis.
“I never meant to file a report, it just kind of spiraled out,” he stated. Lopez added that he “never meant to mislead” the public.
America is going through a late stage of political correctness, where all sorts of grievance politics is encouraged against normal Americans.
A polity with such internal turmoil is destined for social instability sooner or later.
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