basic income

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LA County Launches Guaranteed Income Pilot

Applicants for the $1,000-a-month payments need to have been hurt by pandemic

(Newser) - Los Angeles County is now accepting applications for its $1,000-a-month guaranteed income program. Under the pilot, called Breathe, 1,000 residents will be picked randomly from eligible applicants, KTLA reports. The money will be delivered through a county debit card monthly for three years, with no strings attached, "...

Billionaire to Dole Out $9M in 'Serious Social Experiment'

Japanese entrepreneur Yusaku Maezawa wants to see if $9K will make 1K lucky winners happier

(Newser) - Money supposedly doesn't buy happiness, but a Japanese billionaire thinks it might at least cheer some people up. Just a couple of weeks after Zozo founder Yusaku Maezawa donated more than $18 million to a Japanese city hit hard by a typhoon, the fashion-minded entrepreneur is back in the...

Finland Gave People Free Cash. Here's What's Happened So Far

They're not working much more, but they are happier and less stressed

(Newser) - Finland's basic-income experiment is one year into its two-year trial run, and the results so far are a mixed bag. In a European first, 2,000 or so out-of-work Finnish citizens between the ages of 25 and 58 were guaranteed a monthly tax-free paycheck of about $635 from the...

Finland Ditches Basic Income; US Is Up Next

A trial is set to take place in America in 2 states

(Newser) - It looks like universal basic income won't get the green light in Finland. A little more than a year into a two-year trial, the Finnish government says it won't expand an experiment that sees 2,000 unemployed Finns paid $685 per month in basic income , rather than financial...

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,...

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

6 Stories