is in Brazil! From the article:
"However, if Finland is handing out payments of about $590 a month -- and only to a test group of unemployed people for now -- the amount in Marica is a measly 10 reais, or about $3.20. The new mayor hopes to raise the amount to $32 in 2017.
Only the town's 14,000 poorest families are currently being given the income, which is denominated in Mumbucas, a virtual currency created to pay welfare under Quaqua three years ago.
The 10 reais is added to the 85 reais ($27) monthly welfare check for families whose income doesn't top three times the minimum wage. The extra money is also given to poorer people aged between 14 and 29 and pregnant women already receiving other benefits.
There's another limitation: only 131 local businesses -- less than 10 percent of the total -- accept payment in Mumbucas, the mayor's office says."
https://www.yahoo.com/news/brazilian-town-embraces-universal-income-experiment-102916533.html
Sounds like paradise to me! Who's in?!?!
"However, if Finland is handing out payments of about $590 a month -- and only to a test group of unemployed people for now -- the amount in Marica is a measly 10 reais, or about $3.20. The new mayor hopes to raise the amount to $32 in 2017.
Only the town's 14,000 poorest families are currently being given the income, which is denominated in Mumbucas, a virtual currency created to pay welfare under Quaqua three years ago.
The 10 reais is added to the 85 reais ($27) monthly welfare check for families whose income doesn't top three times the minimum wage. The extra money is also given to poorer people aged between 14 and 29 and pregnant women already receiving other benefits.
There's another limitation: only 131 local businesses -- less than 10 percent of the total -- accept payment in Mumbucas, the mayor's office says."
https://www.yahoo.com/news/brazilian-town-embraces-universal-income-experiment-102916533.html
Sounds like paradise to me! Who's in?!?!
