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Swiss to Vote on Guaranteed $2800 Monthly Income for All Adults

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.

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.
http://www.informationclearinghouse.info/article36434.htm#ID...

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Hayek and Friedman aren't

Hayek and Friedman aren't really libertarians.

Their logic fell short and now leftist talking heads and writers are harping on how even the "almighty libertarians" Hayek and Friedman supported parts of the welfare state.

Simple Facts and Plain Arguments
A common sense take on politics and current events.

www.simplefactsplainarguments.com

there might be more about hayek that would surprise you

It would seem that modern Switzerland could be becoming somewhat of a Hayekian Paradise.

http://www.lewrockwell.com/2011/10/hans-hermann-hoppe/why-it...

Probably a better use of funds than welfare money here

At least this way, people won't be disincentivized to work out of fear of losing their welfare. It's also probably cheaper than supporting the welfare state as it exists here.

I would definitely rather the US have a guaranteed minimum income than Social Security + Medicare + Medicaid + SNAP + TANF + WIC + Obamacare + Pell Grants + Everything Else

EDIT: But the absolute amount here seems ridiculously high. That's the equivalent of $30,000+. Soemthing like $10,000 or $15,000 seems more reasonable.

Well said.I agree with you

Well said.I agree with you 100%!

This idea has been proposed

Imagine all the bureaucracy that would be eliminated! Giving 10k a year to 300 Million people would be $3 Trillion. The real deficit each year is something like $11 trillion (http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just...), most of which is accrued in the form of unfunded liabilities for Social Security and Medicare so it might actually be a lot cheaper to simply give everyone a basic income if you crunch the numbers. http://www.unitedliberty.org/articles/11850-is-it-time-we-ad...

LOL

No wonder Bachmann moved there as I recall lol

I would like to hear the EU response to this. :)

As RP said the bailout money would be better off in the hands of the people if something like this came about.

ps does not Saudi Arabia do the same thing? and perhaps Kuwait, Qatar, Bahrain, UAE, etc.?

donvino

US Treasury schools students to save for their future.

Rosie Rios, US Treasurer schools children about line-of-credit & debt-based financing.
Uses 9% interest rate in her example saving their way to retirement. No actual money seen nor discussed. Legally tenderizing American students for their future paper-chase.

Highlights: Rosie Rios, US Treasurer March 30, 2011. Live presentation at a DC 9th grade public high school. She schooled them in personal finance. '[Her 9% solution for 9th grade students given w/o warning. No mention of inflation.]

The Fed: Loaning you blind, since 1913.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

...

The comments for that article make me weep.......

(somehow I couldn't see the comments with the link above? this one works though: http://www.informationclearinghouse.info/article36434.htm )

Great! They should pass this

Then we can sit back and measure what happens to their society when basic incentives to work are almost completely destroyed for a large segment of the population.

Should only take a year or two for it to be obvious. This will be fun.

Beware of the swiss family Rothschild

The absolutly most fearsome thing in this world is, A banker bearing gifts!

Lets break it down, the money is created as a Tax collected debt. So by creating a huge debt giving some of this debt out as a money hand out then stealing it back as tax.

This is just debt slave obediance training. Trained to not feed themselves but instead look to puppet gov controled by banker family R. So lesson one is to look to them master for money to provide basic food and shelter.

Lesson 2 you must submit to immoral theft. Obediant debt slaves will submit and those rogue debt slaves will be identified for obediance training.

Just a bad idea.

sovereign

i hope the swiss have enough sense to vote no

on this. But unfortunately they will likely pass it....

Who wants to bet that Swiss unemployment goes up if this passes? I doubt anyone here will take that bet.

Next stop: $5000/m

As the cost of living skyrockets.

Simple Facts and Plain Arguments
A common sense take on politics and current events.

www.simplefactsplainarguments.com

Yup, all the things they need

Yup, all the things they need to exist will go up by exactly that much.

The human race divides politically into those who want people to be controlled and those who have no such desire. - Heinlein

So I'm guessing within 1 year the cheapest apt will be $2900

And all houses will start at $700,000. They would have achieved the same result by just handing out those nickles they dumped. Oh well, socialists don't "do" second level thinking.

and I used to have such

and I used to have such respect for the swiss...

If my need to be RIGHT is greater than my desire for TRUTH, then I will not recognize it when it arrives ~ Libertybelle

Gives new (appalling) meaning to the term...

"Living wage".

Speaking of disincentives to

Speaking of disincentives to work.