[2015-12-06] What If Finland Were To Pay Out A Basic Income in Bitcoin?

[jdebunt]

Giving every citizen of a certain country a guaranteed minimum income seems like a dream come true. However, in order to achieve such a feat of strength, proper guidelines will have to be drafted and the economy needs to be relatively stable. Finland seems to have all of their ducks in a row, as the idea of giving every citizen 800 EUR per month is starting to take shape.

http://themerkle.com/news/what-if-finland-were-to-pay-out-a-basic-income-in-bitcoin/

[Kakmakr]

The question is, what do they have to sacrifice to receive this? Last time I spoke to a guy from Finland {gamer} he said that they get daily payments made to make up for losses of income due to illness averaged about 80 percent of a typical wage and could last for as many as 300 workdays.

Hospital care in public hospitals was generally free, and other compensation amounted to 60 percent of doctors' fees, 75 percent of laboratory expenses, and 50 percent of medicine costs. In the mid-1980s, dental care was free for anyone born after 1961.

Maternity leave payments amounted to about 80 percent of income for about one year, and could begin five weeks before the estimated date of the birth.

They also paid for tertiary education for anything you want to study, but if you fail, you have to pay on your own.

How much of that is still in use today, is not clear to me, because I have not spoken to him in years. ^hmf^