Without substantive entitlement reform, it will be exceedingly difficult to address the country’s long-term fiscal problems, and it will only get harder if needed changes are delayed.
The road to tyranny is paved with good intentions.
There’s a very good chance that Finland will become the first country to implement a nationwide Universal Basic Income (UBI). The country’s Social Insurance Institution (Kela) is studying proposals to replace most of its existing welfare state programs with a simple cash grant – 800 euros for every Finnish citizen, regardless of whether they work, […]