One critic puts the figure in the U.S. at $3 trillion annually . Still, the idea is increasingly being put into real-world trials. Early this year, Finland became the first European country to pay unemployed citizens an unconditional monthly sum. The two-year national pilot program, gives 2,000 unemployed Finns ages 25 to 58 a guaranteed 560 (around $590), money that would keep coming even if they find work. The countrys social-security agency says the test is intended to cut red tape, alleviate poverty and, especially, reduce unemployment. Its existing system can disincentivize taking work because even low earnings prompt a cut in benefits. The Finns arent alone: similar experiments are moving forward in Canada, the Netherlands and Italy. The Indian government appears to be mulling a small UBI as a strategy to cut the countrys most extreme poverty. continue reading thisThese tests are badly needed.
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