A city in Brazil is preparing to pay a basic income to around 50,000 residents in one of the largest trials in the world.
The policy will see around one-third of the city’s residents being given 130 reais (£25) each per month, without any conditions about how they can spend the money.
The money is distributed in Mumbuca – the city’s local currency which is not accepted in the rest of Brazil.“For us, this is a critical public policy issue that is in a constant state of development,” Fabiano Horta, the mayor of Marica , said.“It was created as a social […]
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