Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Universal Basic Income Becoming Reality?
Posted
January 8, 2017
Views
142,653
Likes
3,599
Comments
2,008
Engagement
3.93%
January 8, 2017
142,653
3,599
2,008
3.93%
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7:11Now PlayingOne country is trying out universal basic income. Ana Kasparian and John Iadarola hosts of The Young Turks, tell you how. Tell us what you think in the comment section below.
“Finland has become the first country in Europe to pay its unemployed citizens an unconditional monthly sum, in a social experiment that will be watched around the world amid gathering interest in the idea of a universal basic income.
Under the two-year, nationwide pilot scheme, which began on 1 January, 2,000 unemployed Finns aged 25 to 58 will receive a guaranteed sum of €560 (£475). The income will replace their existing social benefits and will be paid even if they find work.
Kela, Finland’s social security body, said the trial aimed to cut red tape, poverty and above all unemployment, which stands in the Nordic country at 8.1%. The present system can discourage jobless people from working since even low earnings trigger a big cut in benefits. “
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Hosts: Ana Kasparian, John Iadarola
Cast: Ana Kasparian, John Iadarola
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