I recommend this book: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Scandinavian_Unexceptionalism_%28book%29" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Scandinavian_Unexceptionalism_...</a><p>From wikipedia: &quot;Allister Heath, deputy editor of the The Daily Telegraph, wrote that the book shows how the “remarkable work ethic” of Scandinavians has been eroded by large welfare states over time.&quot;
(Of course, don&#x27;t take wikipedia&#x27;s word for it-- read the book yourself)<p>My take-away: Heavy socialism has absolutely stifled economic growth in Scandinavia. During the peak of welfare in Sweden, for example, net private sector job growth was ZERO.<p>If you want to stimulate economic activity, instead of giving everyone $10,000 per year, why don&#x27;t we just cut taxes and removed red tape.<p>(I know that Scandinavia didn&#x27;t technically have a basic income, but I still think that this material is completely relevant and very telling).<p>Edit: I said &quot;During the peak of welfare in Sweden, for example, net public sector job growth was ZERO&quot;. I meant private sector. Major mistake, my apologies!