Income without working - Swiss standard of living

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An honorable member of the Coffee Shop Has Just Posted the Following:

Switzerland plans a referendum on whether the country should pay everybody – working and unemployed – 2,500 Swiss Francs ($3,000) every month. A universal basic income (UBI), it’s argued, will keep everyone out of poverty and benefit the economy in general, and even right-wing think tanks in the U.S. believe there’s a strong case to be made for scrapping the current welfare system and funnelling the money into a UBI. There are structural challenges, to be sure, Anna Nicolaou points out in ROB Insight, but if masses of people can be lifted out of poverty without distorting the job market, it’s a debate worth having.


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