Staff Writer
The economic theory of basic income revolves around giving citizens of a country an equal, periodic, and unconditional sum of money. Those who support basic income claim it is a more transparent system than existing welfare systems, and that it has the ability to reduce or even eradicate poverty in a country.
In January 2017, Finland decided to put basic income to the test, randomly selecting 2,000 unemployed people and giving them €560 a month, (around $645). Flag of Finland. Source: CC BY-NC 2.0 Aaronigma Kela, the Finnish Social Insurance Institution, developed, organized, and conducted the basic income experiment. […]
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