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Universal Basic Income: A Utopian Idea Whose Time May Finally Have Arrived Most UBI skeptics, and some proponents, sooner or later come to the conclusion that the costs would be absurdly prohibitive in any case. One critic puts the figure in the U.S. at $3 trillion annually . i was reading thisStill, 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.

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