Finland Abandons Universal Basic Income Experiment After Two Years

Finland Abandons Universal Basic Income Experiment After Two Years

"I felt a great disturbance in the farce, as if millions of socialist voices suddenly cried out in terror, and were suddenly silenced. I fear something rational has happened." With high-profile champions such as Richard Branson, Facebook boss Mark Zuckerberg, and Tesla CEO Elon Musk, backing the idea of governments giving non-working people money (from working people) to do nothing – what could go wrong?

Well, two years after enthusiastically beginning its experiment with a universal basic income – in which people are paid an unconditional salary by the state instead of benefits – Finland is abandoning the project as […]

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