Sunday, June 5, 2016

Swiss vote no on minimum basic income

Link:

This weekend the Swiss population was called upon to make a historic decision, when Switzerland became the first country worldwide to put the idea of free money for everyone, technically known as Unconditional Basic Income (of CHF2,500 per month for every adult man and woman, and CHF625 for every child, for doing absolutely nothing) to a vote. 

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According to BBCsome 78% of voters opposed the plan, a GFS projection for Swiss TV suggested. AFP adds that most Swiss vote in advance by post, so a large majority of ballots had already been counted, and gfs.bern put the margin of error at just plus/minus three percent.

Supporters said since work was increasingly automated, fewer jobs were available for workers. 

Switzerland is the first country to hold such a vote. No figure for the basic income had been set, but those behind the proposal suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and SFr625 for each child, reflecting the high cost of living in Switzerland. It is not clear how it would affect people on higher salaries.

It is encouraging that the Swiss voters rejected this terrible notion. I wonder how many people in the US would have voted for something like this? As automation continues and more and more people get placed into the useless category I expect more and more of these initiatives.

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