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Swiss voters get a choice Sunday in a referendum that, while not specifying a figure, asks if they want "unconditional basic income." Experts estimate a minimum of 2,500 Swiss francs ($2,560) per month is needed for an individual to make ends meet in wealthy Switzerland, where private-sector health insurance is required and the cost of living is sky-high.
Critics warn that the policy would explode the state budget. The Swiss government itself advises voters to reject the proposal, and polls suggest it will fail in a country known for free-market policies and a high-tech, capitalistic financial sector.
Read more at: phys.org...
The novelty of unconditional basic income is that everybody would get it automatically. It would be a floor: Salaried workers who earn more than 2,500 francs a month would get no extra money.
Under a proposed model, each child would get one-quarter of the total for adults—about 625 francs per month—a sum higher than state child-care outlays for families today.
Possible ways of paying for it would include fees on salaries of people who earn more than the minimum, savings from welfare programs that would be discontinued and taxes or spending cuts in the state budget.
That's a lot of money for just existing
originally posted by: DBCowboy
Why not call it what it is.
Private sector health insurance a requirement??? I thought Switzerland had socialized medicine?
There is no free state health service in Switzerland. Unlike other European countries, the Swiss healthcare system is not tax based or financed by employers but is paid for by the individual through contributions into health insurance schemes. The system is universal but it is administered by individual cantons.
Switzerland's voting system is unique among moderndemocratic nations in that Switzerland practices direct democracy in parallel with representative democracy. That's why the Swiss system is called semi-direct democracy.
Approximately four times a year, voting occurs over various issues; these include both initiatives and referendums, where policies are directly voted on by people, and elections, where the populace votes for officials.