Finns to Get Free Money in State Experiment Set to Start 2017
This article is for subscribers only.
Finland is pushing ahead with a plan to test the effects of paying a basic income as it seeks to protect state finances and move more people into the labor market.
The Social Insurance Institution of Finland, known as Kela, will be responsible for carrying out the experiment that would start in 2017 and include 2,000 randomly selected welfare recipients, according to a statement released Thursday. The level of basic income would be 560 euros per month ($632), tax free, and mandatory for those picked.