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California Venture Capital Company to Test Basic Income Concept

One of the top venture capital companies in California plans to pay 100 families each month regardless of whether they work or not. In a referendum last Sunday, voters in Switzerland rejected a similar proposal, but other countries are considering this radical concept that supporters say is much cheaper than regular social programs. In its online blog the California venture capital company Y Combinator says 100 randomly chosen families from the city of Oakland will receive between...

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