Switzerland’s planning to give everyone 2,000 francs a month — even if they don’t work…

The plan would cost the government around 208 billion Swiss francs a year (£143 billion)

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Switzerland’s planning to give everyone 2,000 francs a month — even if they don’t work...
Denis Balibouse/REUTER

Switzerland is set to vote on a proposal that wants to pay everyone 2,500 Swiss francs (around $2,500) a month regardless of whether people are working or not. If the plans go through, it will become the first country in the world to provide a basic unconditional monthly income, and they are already the first country to vote on the matter.

The proposal is based on a survey, carried out by Demoscope Institute, which reportedly showed the majority of Swiss residents would carry on working, or still look for a job, even if the guaranteed income was approved. The survey also said only two per cent of people were likely to stop working, while eight per cent said they ’’could envisage this possibility depending on circumstances.’’ The initiative also wants to give each child 625 francs a month.

The vote on the intiative is scheduled for June.

The plan would cost the government around 208 billion francs a year ($214 billion), where 150bn francs would need to be levied from taxes and a further 55bn francs would be transferred from social insurance and social assistance spending.

The results of the survey showed a third of the 1,076 people interviewed, believed if the proposal came into force, other people would stop working. While 56 per cent of those surveyed said the proposal will ’’never see the light of day.’’

Source: Independent

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