At the beginning of this year, Finland has decided to give its citizens free money. No strings attached. No questions asked.
As part of the “ universal basic income ” (UBI) scheme, 2,000 unemployed citizens aged between 25 and 58 were randomly selected to receive cash payments of €560 (almost $640) every month, for two years. What’s the big idea?
Finland is trying to see if the UBI could replace the traditional system of social benefits.Unlike regular social security, those receiving the basic income don’t need to prove to anyone that they’re actively looking for a job, nor do […]
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