First major country begins experiment giving free money to citizens

First major country begins experiment giving free money to citizens

Finland is offering free money to some citizens as part of an experiment aimed at cutting government red tape, reducing poverty and boosting employment.

Starting this Monday, the two-year trial will see 2,000 randomly-picked unemployed citizens receive €560 (£477/$587) each month, with no constraints on how to spend it.

The amount, which will be deducted from any benefits the citizens already receive, would keep coming even after citizens find employment.Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said the scheme’s idea was to abolish the "disincentive problem" among the unemployed.The hope is that […]

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