Moving to a system of universal basic income would produce more winners than losers among low-income groups but prove ineffective in reducing poverty, the OECD has found. Europe currencies. iStock 508035222 In a study on Basic Income as a Policy Option , it said that in countries such as Finland and France – where there is relatively good benefit coverage among poorer households – poverty would rise under UBI. While spending would be higher, it would be less well targeted.
Current benefit spending was not enough to finance a basic income close to the poverty line in any of 23 […]
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