TUESDAY WITH US ON "MID-

MORNING."

FINLAND IS ENDING ITS

EXPERIMENT WITH PAYING ALL

CITIZENS A UNIVERSAL BASIC

INCOME.

2,000 CITIZENS WHO WERE

UNEMPLOYED WERE GIVEN A MONTHLY

PAYMENT.

IN THE U.S., WHEN YOU COLLECT

UNEMPLOYMENT, YOU HAVE TO MEET

CERTAIN CONDITIONS.

THEY SAID WHAT IF WE JUST GAVE

PEOPLE MONEY AND SAID HERE IT

IS.

TRYING TO FIND A JOB.

THEY TRIED IT FOR OVER A YEAR.

THE POLITICIANS AND THE GENERAL

PUBLIC GREW WEARY OF IT.

THERE IS A LACK OF TRUST THAT

WHEN YOU GIVE PEOPLE MONEY AND

SAY FIND A JOB THAT PEOPLE

DON'T REALLY HAVE AN INCENTIVE

TO FIND THAT JOB.

I THINK SO.

I KNOW IT WASN'T THAT MANY

PEOPLE.

YOU SAID 2,000.

WHEN YOU ARE TALKING ABOUT

GIVING OUT MONEY -- AND THEY

GET TO KEEP IT -- EVEN IF THEY

FIND A JOB.

I FEEL LIKE I WOULD NOT BE AS

MOTIVATED IF I KNEW I HAD A

CUSHION.

SOME PEOPLE THINK THE

REGULAR UNEMPLOYMENT SYSTEM

DOESN'T GIVE PEOPLE ENOUGH OF

AN INCENTIVE TO GET OUT AND

FIND A JOB.

THIS WAS SUPPOSED TO BE THE

STARTING POINT IN A PROJECT

THAT WOULD WORK TOWARDS

UNIVERSAL BASIC INCOME.

THIS WAS JUST FOR PEOPLE THAT

WERE UNEMPLOYED.

MAYBE WE SHOULD UNDERSCORE

THAT POINT.

THE REASON THIS IDEA OF

UNIVERSAL BASIC INCOME HAS A

GREAT NUMBER OF PEOPLE

INTERESTED IN IT IS BECAUSE

THIS IDEA OF GIVING EVERYONE --

IF YOU GAVE EVERYONE AN INCOME

PEOPLE WOULD BE WILLING TO TAKE

A RISK AND APPLY FOR A NEW JOB

OR QUIT A JOB WHERE THEY

WEREN'T GETTING PAID WELL.

THAT CHANGE IN THE ECONOMY

WOULD CHANGE SUPPLY AND DEMAND.

THERE HAVE BEEN STUDIES THAT

SHOW $6,000 A YEAR DOESN'T

NEGATIVELY IMPACT THE LABOR

FORCE.

IT ENCOURAGES PEOPLE TO SEEK

HIGHER EDUCATION.

THERE IS ALSO DECREASES IN DRUG

USE.

YOU ARE NOT PAYING SOMEBODY A

SALARY TO GET BY ON FOR A YEAR.

BUT MAYBE IT IS ENOUGH WHERE A

SINGLE MOM CAN PAY FOR DAYCARE

SO SHE CAN GET BACK IN THE WORK

FORCE OR TAKE CARE OF BILLS

WHERE YOU FEEL LIKE YOU HAVE

THE OPPORTUNITY TO TRY FOR A

SCHOOL.

ON THE FLIP SIDE YOU HAVE TO

LOOK AT WHO IS PAYING FOR THIS.

THEY SAID 70% OF PEOPLE

SUPPORTED THIS UNTIL THEY HAD

TO RAISE THEIR TAXES MORE TO

PAY FOR IT.

THEN ONLY HALF OF THE NUMBER

WANTED IT.

I WONDER HOW MUCH OF THAT

WAS THAT THEY WERE NOT

SELECTED.

STOCKTON, CALIFORNIA IS DOING A

SIMILAR PROGRAM IN AUGUST WHERE

EVERYONE WILL BE ELIGIBLE TO

GET THE MONEY.

THE COST IS TREMENDOUS.