A German startup is doing something quite revolutionary: It’s giving 85 people enough money to live decently off of for one year—with no strings attached. The startup is called My Basic Income. Its founder is a proponent of Universal Basic Income (UBI); the idea that the government should provide all people a sufficient level of income to meet their basic needs, whether they already have a means of income or a job.
Phys.org interviewed the founder of My Basic Income, Michael Bohmeyer. He called his startup a “social experiment.”
Bohmeyer turned to crowdfunding to come up with the money needed […]
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