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Swiss voters set to reject basic income initiative

Posted by ipso facto @ 9:23 on June 5, 2016  

Swiss voters rejected by a wide margin a proposal to introduce a guaranteed basic income for everyone living in the wealthy country, projections by the GFS polling group for Swiss broadcaster SRF showed on Sunday.

First projections showed around 78 percent of voters rejected the initiative by Basel cafe owner Daniel Haeni and allies in a vote under the Swiss system of direct democracy, but it captured an uneasy debate about the future of work at a time of increasing automation.

Supporters had said introducing a monthly income of 2,500 Swiss francs ($2,563) per adult and 625 francs per child under 18 would promote human dignity and public service. Opponents, including the government, said it would cost too much and weaken the economy.

Haeni acknowledged defeat but claimed a moral victory.

cont. http://www.france24.com/en/20160605-majority-swiss-voters-reject-basic-income-plan

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.