To Lift Quality of Life and Economy, Finland Champions Universal Basic Income

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As a way to improve living standards and boosts its economy, the nation of Finland is moving closer towards offering all of its adult citizens a basic permanent income of approximately 800 euros per month.

The monthly allotment would replace other existing social benefits, but is an idea long advocated for by progressive-minded social scientists and economists as a solution—counter-intuitive as it may first appear at first—that actually decreases government expenditures and unemployment while boosting both productivity and quality of life.

“For me, a basic income means simplifying the social security system,” Finland’s Prime Minister Juha Sipilä said last week.

Though it would not be implemented until later in 2016, recent polling shows that nearly 70 percent of the Finnish people support the idea.

Read more at www.commondreams.org

Switzerland are to hold a referendum later this year on the very same idea. (Forsooth)

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Published in: on February 29, 2016 at 19:29  Leave a Comment  
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