Olli Kangas from the Finnish government agency KELA , which is responsible for the country’s social benefits, said the scheme’s idea was to abolish the "disincentive problem" among the unemployed.
Regardless of whether they find employment, decide to invest the money or splurge on a holiday, participants in the experiment will receive the same tax-free money at the beginning of each month.
Finland hopes the experiment would decrease the country’s 213,000 or almost 8.1 percent unemployed citizens out of the 5.5 million total population.Daniel Wallenius, a 27-year-old student from Oulu, believes the basic income is a good initiative and it is […]
Full Post at nflnewsdesk.com