Universal Basic Income
The concept of a universal basic income (UBI) paid to citizens regardless if they are employed or not, is becoming popular in the West as well as some parts of the world. Finland recently began a pilot scheme, where it pays 2000 Fins approx. US$ 600 per month, with no strings attached. It is also being tested in other countries, some dating back to the seventies.
This is not a new concept. It was popularized by Thomas Paine, one of the thinkers in the American War of Independence, at the end of the eighteenth century. The basis […]
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