The Finnish government has begun a pilot of a radical new policy aimed at overhauling the benefits system in the northern European country. Under the proposed system, the government will pay a basic income to citizens seeking employment.
The pilot scheme of 2,000 people, randomly selected to participate, awards €560 ($781) to each participant by the state for a two-year period.
No tax is paid on that amount, nor are there any conditions, such as in the U.K. where claimants of Jobseeker’s Allowance, which amounts to around $500 per month, are required to sign a Claimant Commitment detailing how they will […]
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