Swiss to Pay $2800 per Month to Adults

Discussion in 'Members Corner' started by SajeevJino, Mar 5, 2014.

  1. SajeevJino

    SajeevJino Long walk Elite Member

    Feb 21, 2012
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    Inside a Cage
    Swiss to vote on 2,500 franc basic income for every adult

    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 ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

    Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-rappen coins outside the parliament building in Berne, 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.

    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 November 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.

    Swiss to vote on 2,500 franc basic income for every adult | Reuters
    happy and Peter like this.
  3. Peter

    Peter Senior Member Senior Member

    Mar 3, 2014
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    The swiss have too much money so they can spend it on welfare.Even though the idea is great I think it is far from being perfect.
    I think in India there should be a law that makes it mandatory for the government to give a basic meal to all poor people in return for community service from them.I think giving free gifts would make the swiss lazy and they would soon have to reject their plan.
  4. Vishwarupa

    Vishwarupa Senior Member Senior Member

    Sep 15, 2009
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    Switzerland has Trillion $ Indian black money. They can very will pay more than 2800$ to all their adults from the interest earned from Indian black money.

    Somewhere in world Indian money being used if not on Indian poor. What a way help Mankind!

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