Finland planning basic income for all


Protesters march during a protest by Joukkovoima (Group Power) in Helsinki, Finland, 22 August 2015. According to reports, more than 5,000 people participated in the rally aimed to protest against the Finnish government's planned cuts to the welfare system.

Finland planning basic income for all

Plans for a nationwide guaranteed basic income to all people, including the jobless, is being hammered out in Finland by the country’s social insurance institution Kela.

As reported by the online news site ZME Science, the concept of basic income is universal – a system of social security in which all citizens or residents of a country regularly receive an unconditional sum of money from the government or a public institution.

In its initial phase, the income will be €550, but in its full ...

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