Finland’s Basic Income Experiment Starts – Really, It’s Testing The Laffer Curve For Poor People

Finland's Basic Income Experiment Starts - Really, It's Testing The Laffer Curve For Poor People

Finland is just starting an experiment which has a lot of us economic types rather excited. Yes, I know, sad, isn’t it, that we might get excited over something that seems so trivial. For what Finland is doing is testing out the core idea of a universal basic income. Instead of paying welfare benefits conditional upon circumstances, like being unemployed, or having too little an income, why not just pay people a set minimum? Not a huge amount, to be sure, but enough to just keep body and soul together. And make it unconditional. Doesn’t matter whether you look […]

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