Sunday, June 5, 2016

Switzerland rejects universal income

http://www.bbc.com/news/world-europe-36454060

"Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all.
Final results from Sunday's referendum showed that nearly 77% opposed the plan, with only 23% backing it.
The proposal had called for adults to be paid an unconditional monthly income, whether they worked or not.
The supporters camp had suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and also SFr625 for each child."

Alas, we'll have to wait for a test of this idea.

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