A BUDGET-NEUTRAL universal basic income would reduce poverty marginally but not provide greater guarantees that work pays, finds a study commissioned by the Finnish Ministry of Finance. Heikki Viitamäki, a senior expert at the Ministry of Finance, on Friday revealed that although a universal basic income worth roughly 700 euros a month would boost the earnings of low-income earners and business owners, the positive impact would be negated by the tax hikes needed to fund the scheme. The scheme assessed in the study would guarantee pensioners a monthly basic income of 784.52 euros, students one of 220 euros and […]
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