NeilR
pfm Member
Sick of reading about the EU referendum?
I've been doing a bit of reading about another referendum this time in Switzerland on June 5th on the Grundeinkommenn initiative (Basic income initiative).
http://www.grundeinkommen.ch
The proposal is to pay each adult a monthly income of CHF2500 and each child CHF625. That's about £1800 and £460. This would be financed by scrapping of social fund contributions and increasing VAT amongst other things. People believe that it is affordable.
It is predicted that wages would fall (as people will in effect get a top up from the state), making Switzerland regain competitiveness and therefore boosting the economy. Many people would also have the option to go part time and enjoy more time for leisure and family.
Sounds too good to be true? It probably is and it will likely be voted down, but if it is passed, then the Swiss government is obliged to implement it. Probably 20 years ahead of it's time, robotisation needs to take hold first.
Still, an interesting debate, nonetheless.
I've been doing a bit of reading about another referendum this time in Switzerland on June 5th on the Grundeinkommenn initiative (Basic income initiative).
http://www.grundeinkommen.ch
The proposal is to pay each adult a monthly income of CHF2500 and each child CHF625. That's about £1800 and £460. This would be financed by scrapping of social fund contributions and increasing VAT amongst other things. People believe that it is affordable.
It is predicted that wages would fall (as people will in effect get a top up from the state), making Switzerland regain competitiveness and therefore boosting the economy. Many people would also have the option to go part time and enjoy more time for leisure and family.
Sounds too good to be true? It probably is and it will likely be voted down, but if it is passed, then the Swiss government is obliged to implement it. Probably 20 years ahead of it's time, robotisation needs to take hold first.
Still, an interesting debate, nonetheless.