Via MarginalRevolution’s assorted links and others, a short BBC article about a pilot project in Finland on universal, basic income. Economist Ohto Kanninen, coincidentally a fellow student of mine from graduate school, describes the project:
The prime minister has expressed support for a limited, geographical experiment. Participants would be selected from a variety of residential areas.
Mr Kanninen proposes testing the idea by paying 8,000 people from low income groups four different monthly amounts, perhaps from €400 to €700.
They also have the Prime Minister on board:
Prime Minister Juha Sipila has praised the idea. “For me, a basic income means simplifying the social security system,” he said.
This sounds really exciting, and I cannot wait to see the working paper.