Jan 2, 2016

German experiment will test whether the welfare state can be replaced by a basic guaranteed income

Posted by in category: economics

A new experiment to give away money as “basic income” is underway in Germany. In 2014, Michael Bohmeyer, a 31-year-old German entrepreneur, launched “My Basic Income” (“Mein Grundeinkommen”), and this month, the project, made possible through crowdfunding, issued $1,100 checks to 26 people to use however they want. Leftists in Germany tend to support the idea…


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