Universal basic income has been tested and failed

Universal basic income has been tested and failed

Finland acknowledged its two-year experiment a total failure

NORTHERN, ONTARIO ~~~~~ March 18, 2021 (LSN) The COVID-19 crisis has brought back to the forefront the idea of a universal basic income or guaranteed annual income. It’s an idea that should be abandoned.

In response to the economic crisis caused by the COVID-19 restrictions, the Canadian government has implemented the Canada Emergency Response Benefit (CERB). Eligible people receive $2,000 for a four-week period (equivalent to $500 a week).In March 2020, this system’s initial goal was to compensate those who couldn’t work for reasons related to COVID-19. The COVID-19 restrictions were extended […]

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