Tag: guaranteed income

On January 1, 2017, Finland became the first sovereign nation to implement a Universal Basic Income (UBI) for its citizens. Under this scheme , the government randomly selects 2,000 citizens from those currently receiving unemployment benefits or an income subsidy. For the next two years, the selected Finns will receive EUR 560 ($587) a month regardless of whether they work or not. If the experiment proves to be successful, a UBI will be granted to all Finnish citizens. A large poster in a square in Geneva, Switzerland, promoting the idea of a universal basic income. Universal Basic Income, first […]

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Finland is launching a “radical experiment” to see if a simple monthly payment can replace the nation’s ever-expanding tangle of welfare programs.

The monthly payment, dubbed a guaranteed minimum income, or “universal basic income,” is an idea that has been kicked around for years as a replacement for the traditional welfare state. It has some prominent conservative advocates , including Charles Murray today, and luminaries such as Friederich Hayek and Milton Friedman in the past. In various versions of the basic income plan, everyone is paid the same stipend from the government, or everyone whose income falls below […]

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Ontario Premier Kathleen Wynne. The Liberals have had 13 years to update the welfare system, argues Randall Denley. The Ontario government is conducting an online survey to find out what you think about a no-strings-attached basic income as way to reduce poverty. It’s a step on the road to a pilot project that could last up to three years.

At the risk of spoiling the suspense, I am going to say giving people more money will reduce poverty. The questions are, would a guaranteed annual income be good public policy and does the government have the money to follow through?

Ontario […]

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Critics see the universal basic income as just a bit of policy fluff. A month before the ‘Trump revolution’, The New Daily ran the story ‘Hell yes, of course you’re entitled to a job’ , which explored the employment-related forces driving Donald Trump’s popularity.

Well, now Finland has gone one better , telling 2000 unemployed Finns that ‘hell yes, you’re entitled to an income’.

The Finnish government is trialling a version of what policy wonks call the ‘universal basic income’ (UBI). The Finns have taken the global lead in trialling the universal basic income. The idea is to give the sample […]

Full Post at thenewdaily.com.au

• 2,000 people to randomly get the benefits • Citizens to continue getting the benefit even after getting a job

• Scheme aimed to relieve joblessness

HELSINKI, Finland – As part of a guaranteed income scheme, Finland has vowed to pay $600 a month to 2,000 randomly-selected citizens.The country’s centre-right government under Prime Minister Juha Sipila launched the social experiment in a bid to increase spending and employment nationwide, aside from ending poverty.The unemployment rate of Finland stood at 8.1 percent in November 2016.This trial is to last for two years and started on January 1, 2017 after […]

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Why Finland is ahead of the US with guaranteed income: ‘It may be an empathy gap,’ says one expert.

Finland just rolled out a pilot program to test universal basic income, or UBI. And while the idea of regular cash handouts may sound tantalizing, out-of-work Americans shouldn’t hold their breaths.

The Scandinavian country announced yesterday that 2,000 randomly-selected, unemployed individuals between the ages 25 and 58 will receive a monthly cash payment of 560 euros ($582.90) for two years.The payments will continue even if the recipient finds work. The goal, according to the Finnish government, is to increase employment.A privately […]

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Finland just rolled out a pilot program to test universal basic income, or UBI . And while the idea of regular cash handouts may sound tantalizing, out-of-work Americans shouldn’t hold their breaths.

The Scandinavian country announced yesterday that 2,000 randomly-selected, unemployed individuals between the ages 25 and 58 will receive a monthly cash payment of 560 euros ($582.90) for two years.

The payments will continue even if the recipient finds work . The goal, according to the Finnish government, is to increase employment . A privately funded pilot program is in the early stages in California , but the United […]

Full Post at www.cnbc.com

According to an Associated Press report, the ‘Universal Basic Income’ also called as ‘unconditional basic income’ (is a form of the welfare security system in which a country citizen receives guaranteed income from the government regardless of how much they work) continues to go viral.

Finland has launched its own version of the experiment; the European government is going to provide a guaranteed basic monthly income, amounting €560 ($587) to 2,000 randomly-picked jobless citizens. The trial will run for a two-year period.

Finland hopes the experiment would decrease the country’s 213,000 or nearly 8.1 percent unemployed citizens out of the 5.5 […]

Full Post at newsline.com

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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