In Finland, researchers have just offered preliminary results on their two-year experiment on universal basic income (UBI).
If you’re not familiar with UBI, it’s a radical economic idea that consists of sending citizens large cheques each month to cover basic expenses…and has no strings attached.
Prime Minister of New Zealand? You get a cheque.Unemployed and living in your mother’s attic? You get the same amount.Proponents suggest that this sort of strategy could alleviate most problems associated with poverty…and could eventually improve the standard of living for everyone. Folks could move in and out of jobs easily and focus their attention on […]
Full Post at www.moneymorning.co.nz