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Swiss to vote on $2,800 monthly income for all adults

Anonymous
Posted by Anonymous
  • 57 Replies

 

I wonder how this would work?? Would it be inplace of your employment income or on top of it? It says a base so I am guessing on top of. I wonder how they could afford it...

Would you be infavor of this?

 

Swiss to vote on $2,800 monthly income for all adults

8 million five-cent coins, representing every person living in Switzerland, were dumped from a truck in Bern by the committee that pushed for a vote on giving all adults a basic income.

In a move to combat growing pay inequality, Swiss citizens will vote on whether to give every adult in Switzerland a basic income.

BERNE — Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs — about $2,800 — per month from the state, with the aim of providing a financial safety net for the population.

Related: Is the gender pay gap real?

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-cent coins outside the parliament building in Bern, one for each person living in Switzerland.

Under Swiss law, citizens can organize popular initiatives that allow the channeling of public anger into direct political action. The country usually holds several referenda a year.

In March, Swiss voters backed some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation.

Related: Is US income gap wider than you think?

A separate proposal to limit monthly executive pay to no more than what the company's lowest-paid staff earn in a year, the so-called 1:12 initiative, faces a popular vote on Nov. 24.

The initiative's organizing committee said the basic income could partly be financed through money from social insurance systems in Switzerland.

The timing of the vote has yet to be announced, pending official guidance from the government.

Posted by Anonymous on Oct. 4, 2013 at 4:49 PM
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Replies (1-10):
Anonymous
by Anonymous on Oct. 4, 2013 at 4:56 PM
No
yikesitsmindy
by on Oct. 4, 2013 at 4:58 PM
On top of working? What if people just decided not to work anymore?
Anonymous
by Anonymous on Oct. 4, 2013 at 4:58 PM

that is all I made working for 20 yrs as a private school teacher.  That is ridiculous, given money to people for nothing.

Randi02
by Platinum Member on Oct. 4, 2013 at 4:59 PM
3 moms liked this

I think it might be a good thing.

All of that money goes right into the economy, they would likely be taxed on it as income - and pay taxes on things they purchase.

Ali5683
by Ruby Member on Oct. 4, 2013 at 5:00 PM

I see that going bad... Very bad.

Randi02
by Platinum Member on Oct. 4, 2013 at 5:00 PM
1 mom liked this

Then you should have found a new job! That's an insanely low wage.

Quoting Anonymous:

that is all I made working for 20 yrs as a private school teacher.  That is ridiculous, given money to people for nothing.


2Sparrows4ever
by on Oct. 4, 2013 at 5:01 PM
Interesting
shimmifairy
by Bronze Member on Oct. 4, 2013 at 5:03 PM

I think they've tried to do this already... I just can't remember if it's communism or socialism...where everyone has the same thing whether they're a doctor or a ditch digger...I'd be interested to see how this works out...

matheson7
by Silver Member on Oct. 4, 2013 at 5:04 PM
3 moms liked this

I want to move there, lol.

kearaloves1
by Silver Member on Oct. 4, 2013 at 5:05 PM

this isnt a bad idea at all but it needs to be one income for all classes poor 2,800 middle class more and rich more then itll work

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