Finland To Begin its Universal Income Experiment

Finland To Begin its Universal Income Experiment

2017 is certainly going to be a year of great experiments. While the US transitions into an unlikely, unexpected, and unprecedented presidency, Finland will begin a program to give its citizens a fixed income regardless of their wealth or employment status. Well, for now, this experiment will only involve a randomly selected 2,000 [unemployed] people over the next two years. Each of these people will be paid 560 euros per month (approximately $587 USD).

The experiment is an attempt to understand if a base income will help to reduce poverty—as well as government red tape—in order to better influence societal […]

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