Italy’s Very Basic Income Problem

Italy’s Very Basic Income Problem

The citizen’s income actually costs citizens money

Recently, the Italian government announced that it has decided to take out some fresh new loans in order to finance their many extravagant policies, such as their citizen’s income.

The financial markets have already reacted negatively to the news that made international click-bait headlines as “Italy to introduce basic income” and the likes. However, in defence of the government, they did not propose a universal basic income, but a very basic social support fund that will pay impoverished Italians up to 780 euros per month, on the condition that they will accept any […]

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