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TOPIC: Money for nothing: is Finland's universal basic income trial too good to be true?

Money for nothing: is Finland's universal basic income trial too good to be true? 13 Jan 2018 10:31 #5672

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Europe’s first national experiment in giving citizens free cash has attracted huge media attention. But one year in, what does this project really hope to prove?

Jon Henley in Helsinki
Fri 12 Jan 2018

One year on from its launch, the world remains fascinated by Finland’s groundbreaking universal basic income trial: Europe’s first national, government-backed experiment in giving citizens free cash.

In January 2017, the Nordic nation began paying a random but mandatory sample of 2,000 unemployed people aged 25 to 58 a monthly €560 (£475). There is no obligation either to seek or accept employment during the two years the trial lasts, and any who do take a job will continue to receive the same amount.

With the likes of Mark Zuckerberg, Stephen Hawking, Elon Musk and Bernie Sanders all proponents of a universal basic income (UBI) model, Finnish officials and participants have been inundated with media requests from around the globe. One participant who hoped to start his own business with the help of the unconditional monthly payment complained that, after speaking to 140 TV crews and reporters from as far afield as Japan and Korea, he has simply not been able to find the time.

Read More Here;
www.theguardian.com/inequality/2018/jan/12/money-for-nothing-is-finlands-universal-basic-income-trial-too-good-to-be-true
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