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1/3/17

Finland launches basic income experiment with Jan. 1 cheques for those in pilot project

Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros ($782 Canadian), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.

Olli Kangas from the Finnish government agency KELA, which is responsible for the country's social benefits, said Monday that the two-year trial with the 2,000 randomly picked citizens who receive unemployment benefits kicked off Jan. 1.

Note EU-Digest: Just imagine, most industrialized nations in the world including the US could o the same, just by cutting downj on their military budgets.

Read more: Finland launches basic income experiment with Jan. 1 cheques for those in pilot project - Business - CBC News

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