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Nairaland Forum / Nairaland / General / Politics / A Radical Plan To Defeat Poverty. (436 Views)
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A Radical Plan To Defeat Poverty. by oyetpel(m): 1:51pm On Jan 18, 2017 |
This month Finland is embarking on a radical economic experiment. Its government is giving 2,000 people free money for two years, guaranteeing them a minimum income. The participants – selected at random from people receiving welfare – will each get 560 euros ($600) a month and they will continue to receive the money even if they get a job. Not everyone likes the idea, however. A referendum in Switzerland last year rejected a proposal to give 2,500 Swiss francs ($2,418) a month to every adult and a quarter of that amount to children. Those who opposed the plan argued that it would be unaffordable and would encourage people to drop out of work, especially those with low-paid manual jobs. Who would choose to be a cleaner or a rubbish collector if they did not have to? At the same time, the Finnish trial has also been criticised for not being bold enough . The 560 euros given to participants each month will not go far in a country like Finland, where the cost of living is high. www.bbc.com/future/story/20170118-what-if-the-state-provided-everyone-with-a-basic-income |
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