For some time now, Universal Basic Income has been one of the hippest ideas in politics. But this week the UBI bandwagon – which has picked up passengers from both the radical Left and the free-market Right – hit a major bump in the road.
Finland has decided not to expand a major experiment in whether the appealing-sounding idea – which involves replacing complex and conditional benefits with an unconditional lump sum – actually works. It turns out that handing out cash with no strings attached isn’t particularly popular with taxpayers, so the Finnish government’s enthusiasm for the scheme waned […]
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