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> In Nordics UBI would be in addition to free healthcare, education etc. and funding it would not be a problem I was interested to see some numbers on this, so
by GordonS 6y ago
> In Nordics UBI would be in addition to free healthcare, education etc. and funding it would not be a problem
I was interested to see some numbers on this, so I did some quick and dirty googling.
It looks like Finland has about 4.5 million people, and currently spends around 4,491,000,000 EUR/year on around 370,000 people - around 13,500 EUR/person. I'd guess that would be a reasonable amount for a UBI program.
Scaling that up to 4.5M people means a huge number, 60,750,000,000 EUR/year - which I believe is larger than the entire yearly budget for Finland. Sounds like funding UBI would actually be a pretty big problem.