Image: Ismo Pekkarinen / AOP Universal basic income might actually create more inequality, claims the Organisation for Economic Co-operation and Development (OECD), an economic organisation for high-income economies.
A recent report by the organisation investigated how universal basic income would tackle poverty and inequality in four countries: Finland, Italy, France and the United Kingdom. The report revealed that in countries with strong social support systems, basic income would actually keep the number of people in lower income brackets the same or even increase it. In theoretical models testing the benefits program, only Italy managed to keep poverty in check.
In Finland, […]
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