Summary of Free Cash in Finland. Must Be Jobless.
Finland will soon hand out cash to 2,000 jobless people, free of bureaucracy or limits on side earnings. The idea, universal basic income, is gaining traction worldwide.
The New York Times, 2016
Many governments have dismissed universal basic income as a utopian fantasy – until now.
For decades, the idea of universal basic income has been relegated to the policy fringes, dismissed as a pie-in-the-sky ideal far removed from the hard-nosed realities of a capitalist, workaday world – but no more. With politicians increasingly feeling the populist heat from voters angry about economic dislocation, governments are quietly coming around to a radical rethink of social welfare policy. International Business Times chief editor Peter S. Goodman offers up a digestible, jargon-free overview of the debate. getAbstract recommends his insights to anyone looking for an easy entry point to an increasingly relevant policy discussion.
In this summary, you will learn
- How to define universal basic income,
- Why policy makers are giving the idea a closer look, and
- What both advocates and detractors have to say about the concept.
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