Finland Ends Its Experiment With Universal Basic Income

Finland Ends Its Experiment With Universal Basic Income

I’m conflicted.

I’ve repeatedly expressed skepticism about the idea of governments providing a “basic income” because I fear the work ethic will (further) erode if people automatically receive a substantial chunk of money. Q1 hedge fund letters, conference, scoops etc RonnyK / Pixabay Moreover, I also fear that a basic income will lead to an ever-expanding burden of government spending , particularly once net beneficiaries figure out they can vote themselves more money.

Given these concerns, I should be happy about this report from the New York Times . For more than a year, Finland has been testing the proposition that […]

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