Free Money in Finland Fails

Free Money in Finland Fails

Many prominent people, including Elon Musk , have promoted the idea of universal basic income (UBI) – a guaranteed minimum payday, funded by taxpayers, earned simply by breathing. It should not come as a surprise that fiscal conservatives are anything but happy about it, but the proposal has been able to float around in cyberspace as a nice, unproven idea worth trying out – until now. Finland ran a test program with unemployed Finns from 2017 to 2018 to see if universal income could be a solution to the problems facing the welfare state, and the results are now […]

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