Photo: DPAMiko from Berlin may only be five, but he already has €1,000 ($1,063) per month to live on -- not from hard graft, but as part of an experiment into universal basic income. He is one of 85 people, including around 10 children, chosen by startup Mein Grundeinkommen (My Basic Income) to receive the payments for a year since 2014. Founder Michael Bohmeyer has set out to prove to a sceptical public in Germany and further afield that the universal basic income (UBI) idea is workable. So I wanted to launch a social experiment," 31-year-old Bohmeyer told AFP. In 2009, the German parliament flatly rejected a petition from some 50,000 Germans demanding a universal income.

Source: The Local April 17, 2017 07:30 UTC