basic income

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eBay Founder Invests $500K to Test Theory on Income

Charity arm will give money to poor in Kenya for 12 years

(Newser) - The concept of basic income is a simple idea: Impoverished people receive a fixed amount of money on a regular basis to pay for necessities such as food, clothing, and housing. While the limited research available suggests that it can provide a host of benefits—lowering drug and alcohol abuse,... More »

31-Year-Old's Experiment: Pay People $1,100 a Month

Basic income has no strings attached

(Newser) - "If you were handed $1,100 a month, would you amount to anything?" So asks the Los Angeles Times in a Sunday headline atop a piece about a unique experiment underway in Germany. Michael Bohmeyer, a 31-year-old Internet entrepreneur in Berlin, is behind Mein Grundeinkommen (My Basic Income), which,... More »

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