Finland Is Testing It, but Basic Income Could Break the Modern Welfare State
The country of Finland will give 2,000 of its citizens a basic income—amounting to €560.00/$587.00—for nothing. The rock band Dire Straits used to sing about Money for Nothing in 1985. But even in their interpretation, you would have to know how to strum a tune on a guitar before the money would come. Is basic income such a nutty idea as to cause economic collapse?
Not in Finland, which is one of the first to apply the “concept” of basic income. A lottery will determine the […]
Full Post at www.lombardiletter.com