Swiss say no to provision of basic income to entire population

Swiss say no to provision of basic income to entire population

PanARMENIAN.Net - The Swiss on Sunday, June 5 flatly rejected a radical proposal to provide the entire population with a basic income, AFP reports.

Final results in the referendum showed 76.9 percent of voters opposed the initiative to provide an unconditional, basic income (UBI) to each Swiss national, along with foreigners who have been legal residents for at least five years.

Supporters had argued that such an income would help fight poverty and inequality in a world where good jobs with steady salaries are increasingly hard to come by.

The group behind the initiative had suggested paying 2,500 Swiss francs ($2,500/2,300 euros) a month to each adult and 625 francs for each child.

Such a sum, however, would hardly cover basic living costs in Switzerland, which is one of the world's priciest nations where the median income is above 6,000 francs a month, AFP says.

The idea, which stirred up debate both in Switzerland and abroad, was embraced in a few counties in the cantons of Jura and Vaud, while several neighborhoods of Geneva and Zurich voted in favor.

But overall, the response from the 46 percent of eligible voters who cast their ballots was a resounding "no", in line with the recommendation from the government and nearly all political parties.

The scheme to dish out an income to people whether they work or not was controversial from the start in Switzerland --a country where craftsmanship and work ethic are highly valued.

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