FINLAND - Basic Income Trial Falls Flat

Arno Froese

The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest.

Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income.

“The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli Kangas, one of the experiment’s designers.

Some see basic income as a way to get unemployed people into temporary jobs.

The argument is that, if paid universally, basic income would provide a guaranteed safety net. That would help to address insecurities associated with the “gig” economy, where workers do not have staff contracts.

Supporters say basic income would boost mobility in the labor market as people would still have an income between jobs.

“I’m a little disappointed that the government decided not to expand it,” said Prof Kangas, a researcher at the Social Insurance Institution (Kela), a Finnish government agency.

Speaking to the BBC from Turku, he said the government had turned down Kela’s request for €40-70m extra to fund basic income for a group of employed Finns, instead of limiting the experiment to 2,000 unemployed people., 23 April 2018

Arno's commentary

“Basic income” in plain words means everybody gets some pay regardless of condition or position.

A similar system was presented to the people of Switzerland and voted down. The reason was the foreign-born population in the country. Switzerland, most agree, is the freest, richest, and most secure country in the world. It also has the highest foreign-born population, at over 25% (US 12.9%).

Finland, according to Wikipedia, has a foreign-born population of 4.68%. The majority of these hail from the former Soviet Union, but have lived in Finland an extended time. While foreigners are well-taken care of in Finland, as in most other European countries, the attempted “basic income trial” fell flat, mainly because of foreigners, opinions say. Also, it’s something new, but as time will pass, this type of guaranteed income scheme will spread over Europe, and from there to the rest of the world.

As Bible readers, we must always keep in mind that our end-time political, economic, and financial philosophy is overshadowed by the spirit of Antichrist, who desperately attempts to build a millennium of peace, security, and prosperity for all people. That’s what all people the world over want, and that’s what they will get.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

Read more from this author

ContactAbout UsPrivacy and Safety