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El País - Spain | Thursday, May 7, 2009

Basic income in Spain makes sense

The Spanish parliament has set up a committee to evaluate the pros and cons of a state-guaranteed basic income for all Spanish citizens. Writing in El País economic expert Daniel Raventós pleads in favour of such a measure: "The most interesting studies on a basic income have arrived at two particularly important conclusions: It is financially viable, and the sectors of the population with the lowest income would end up in a clearly better position compared to the current situation. The April 28th creation of this sub-committee to evaluate the need for and viability of a basic income opens up the possibility that this social requirement is recognised both in parliament and by a large segment of the population."

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