Finland will hand out cash to 2000 jobless people to test universal basic income • Hacker News Board

Re: Finland will hand out cash to 2000 jobless people to test universal basic income

#411

Post by vorotato » Wed, Dec 21, 2016, 9:50 PM UTC

gambiting wrote: post #402

mrottenkolber wrote: post #387

Earlier quoted context omitted.

They can afford to leave because of 500+, they are leaving because they don't want to work there.

Well, yes, very true. Personally, I love my job and I can't imagine doing something I don't like, but at the same time I know several people to whom the idea of liking your job is extremely foreign. Just as a side note - I think it would be extremely difficult to find people who genuinely enjoy doing hard physical work for 8 hours a day, even at a high price point.

Anecdotally speaking you're getting paid to exercise. If it weren't for the shit pay and the no health benefits I genuinely might go back to working part time as a rickshaw driver. I used to be a rickshaw driver and it was good work, and I was genuinely pretty happy. Also had plenty of mental energy available at the end of the day for thinking problems (which is why I said part time and not full time)

Re: Finland will hand out cash to 2000 jobless people to test universal basic income

#412

Post by adwn » Thu, Dec 22, 2016, 6:00 AM UTC

rascul wrote: post #410

adwn wrote: post #297

Earlier quoted context omitted.

> if he worked too many overtime hours (which came around from time to time), would get into the next tax bracket and it wouldn't be worth it By "not worth it", I suppose you mean that he valued the marginal increase in income less than the marginal decrease in free time – which is entirely subjective and different from person to person? I don't see your point.

In the higher tax bracket, he didn't work enough overtime to offset the increased taxes and ended up with a smaller check than if he worked less. At least that's what he claimed.

This is not possible with a progressive tax system. It is likely that he misunderstood tax brackets, average tax rate, and marginal tax rate.

Re: Finland will hand out cash to 2000 jobless people to test universal basic income

#413

Post by flukus » Thu, Dec 22, 2016, 6:04 AM UTC

adwn wrote: post #412

rascul wrote: post #410

Earlier quoted context omitted.

In the higher tax bracket, he didn't work enough overtime to offset the increased taxes and ended up with a smaller check than if he worked less. At least that's what he claimed.

This is not possible with a progressive tax system. It is likely that he misunderstood tax brackets, average tax rate, and marginal tax rate.

Not with taxes alone, but welfare cliffs can kick in:

http://www.learnliberty.org/blog/the-welfare-cliff-and-why-m...