"you mentioned "nordic countries", in reality only Finland tried a small UBI exp... | Hacker News

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		hutzlibu on July 30, 2020 \| parent \| context \| favorite \| on: Universal Basic Income is Capitalism 2.0 "you mentioned "nordic countries", in reality only Finland tried a small UBI experiment that failed." And what failed there? That the people who got UBI did improved on their general quality of life? Because that is the general idea of UBI and that worked.

notahacker on July 30, 2020 | [–]

The general idea is that the benefits are worth the cost of paying for it, more so than existing welfare schemes. That might be a subjective test, but it evidently didn't pass because it wasn't renewed.

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