For the past five months, Finland has been conducting an experiment which could change the way society works. They’ve been giving out free money to 2,000 people, and it worked out just fine. The concept is called basic income. Basic income? Why?
The idea of basic income, sometimes called unconditional income, is essentially a form of social security. The idea behind it is that all citizens of a country receive an unconditional sum of money, independent of any other income. In the Finland example, participants received €560 ($624) every month, regardless of whether they worked or not. The state […]
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