Helsinki – Finland has become the first nation to pay some of its unemployed citizens an unconditional monthly universal basic income (UBI), a benefit that continues even after they find work.
Deutsche Welle reports beginning this month some 2,000 unemployed Finns will receive monthly payments of €560 ($584) with no strings attached. Recipients will pay no tax on the UBI, and the tax-free payments will continue even after they find jobs. They will be randomly chosen from a pool of 25-58 year-olds who received government unemployment benefits in November 2016. Marjukka Turunen, head of legal affairs for Kela, the Finnish […]