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Germany launches money distribution experiment

To participate in the experiment, you need to live in Germany and be an adult. Participants will be paid 1200 euros per month.

Germany launches money distribution experiment

In Germany, an experiment on the distribution of money will be carried out for three years. Its peculiarity is that not only those in need, but also people with work and even a good salary can receive funds.

This idea came after isolation under coronavirus pandemic. Scientists from the German Institute for Economic Research (DIW Berlin), the non-governmental organization “My Main Income” from Berlin, the Max Planck Institute for the Study of Societies in Bonn and the University of Cologne will do this work for 3 years.

120 randomly-selected recipients from a million citizens will take part in the experiment. The conditions for getting on the list are simple - over 18 and living in Germany. The lucky ones will be paid 1200 euros monthly, in return people will have to report on changes in life: work, family, money, social contacts, preferences, psyche. Amounts will not be taxed, probably because they are formed from donations.

The researchers ask the following questions: whether participants will spend more, whether more money will help overcome depression, whether this money will reduce health care costs and help get an education, and how participants will assess their standard of living in the new conditions.

The German research is not an innovation. Such a research was conducted, for example, in Finland a few years ago, and now it is practiced in some places. Nevertheless, researchers insist on uniqueness, because Germany is a country with a high standard of living.

Some consider the experiment positive, believing that the state owes money to the people. Others scold the government: too much spending - a trillion a year, despite the fact that government spending is one and a half trillion, what is more, a lot of money kills motivation. In addition, there is a stereotype of the "fed and lazy," but researchers reject it.

 

Photo: ArtFile

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