Universal Basic Income gets all this attention and popularity, but I haven’t seen one model that’s even on the planet of financial feasibility. These things are utopian. Finland is conducting an experiment in giving every adult a check for €800 a month, which would require spending far more than what the government raises in taxes. Whatever you think about giving €800 checks to every citizen, the only way you’re getting that money is by taxing citizens double what you’re taxing them now.
Chosen excerpts by Job Market Monitor. Read the whole story at We talked to five experts about what it would take to actually institute Universal Basic Income – Quartz
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There is no free lunch.