Iceland: Everyone to get paid in bank sale

The minister of finance of the Iceland government has promised that every citizen will get a 30,000 Icelandic Krona (213 Euros) pay-out for the proposed Íslandsbanki bank sale.

Íslandsbanki is an Icelandic bank, to be state owned. According to the Reykjavik Grapevine News, Bjarni Benediktsson, the minister of finance, said at the national convention of the Independence party, ‘I am saying that the government take some decided portion, 5%, and simply hand it over to the people of this country’.

[Even if it would happen, it would be one-off payment, so not a basic income in any definition. However, historically the idea of an universal basic income has been often associated with the idea of socialization of banks. That’s why this news is reported here.]


About Toru Yamamori

has written 122 articles.

Toru Yamamori is a professor at Doshisha University, Kyoto, Japan.

The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

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