A “Universal Basic Income” Costs More Than You Think

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101 Comments According to some media reports, the Universal Basic Income (UBI) party in Finland is coming to an end .

But Professor Olli Kangas, head of the research team at the Finnish social insurance agency, claims that the experiment “is proceeding according to plan and will continue until the end of 2018.” There are no concrete plans to expand the program after that, however.

Finland gained notoriety in 2017 when it launched a UBI program where the government handed out monthly stipends of 560 euros (roughly $670) to 2,000 randomly selected unemployed citizens with no strings attached.Even though this program […]

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