Finland Prepares Their First Tests Of A Universal Basic Income

Finland is getting ready to launch their first pilot program with a Universal Basic Income — one of several countries which are now testing the concept. An anonymous reader quotes a report from Futurism.com:
Finland is about to launch an experiment in which a randomly selected group of 2,000-3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approximately $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017-2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.

In January a basic income program will also begin testing in the Netherlands, according to the article, which points out that Y Combinator has also launched a test program in Oakland, California. And there’s now also calls for a Universal Basic Income in India, where one social worker argues it’s “sound social policy,” while pointing out that it’s already being implemented in other countries. “In Brazil, it targets the poor and has been a way out of poverty; in Iran, it has substituted for subsidies and citizens receive about $500 a year…”

Read more of this story at Slashdot.



Source: Slashdot – Finland Prepares Their First Tests Of A Universal Basic Income