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Starting Tuesday (August 31, 2020) , a select group of people in Germany will begin receiving €1,200 a month, no questions asked. The experiment will test the feasibility of a universal basic income.
Add to this the many questions that the project cannot answer anyway: How will consumer prices develop? Would ill or needy people have less money at their disposal than now? And to what extent would taxes have to go up to finance such an income?
"Our study will certainly not be able to answer all the questions surrounding basic income," Schupp said. But he's looking forward to getting an answer to what he believes is the core issue: How does money influence people's behavior? "That's a gripping scientific question, and there are no serious studies to date looking into this," he said.
There have already been attempts to find out more about the impact of unconditional basic income. The results of a labor-market-focused experiment in Finland turned out to be ambiguous. A similar and even bigger, publicly financed trial in Canada was halted after a short period because of the cost.
So far, there's been a lack of political support for basic income schemes in Germany. None of the big parties has come out in favor of them.
This article was originally published on August 31, 2020, and has been updated to reflect new developments.
Source: https://www.dw.com/en/basic-income-germany-tax-free/a-54700872
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