[gokhan]

> That's about a quarter of current US federal budget

Only some will be given free money, and almost all of them will be spent since receivers are poor and cannot save it, would be quite a boost to the economy. It's a very direct way of implementing Keynesian policies.

[dispose13432]

>Only some will be given free money,

I thought the idea is that everyone from Bill Gates to the beggar will be given it?

[flukus]

And most will have their taxes adjusted so that it makes no difference to the governments bottom line.

[dispose13432]

I'm saying that taxes will go through the nose (close to 25%) for everyone with quite questionable benefits (will barely pay for rent).

[Nition]

For UBI yes. But for this Finnish experiment, only a group of unemployed people are getting it.