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Swiss to vote on plan to give everybody $34,000 a year: reports

By: TomTamilio in CONSTITUTION | Recommend this post (0)
Wed, 09 Oct 13 10:10 PM | 79 view(s)
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It will happen here too. Probably in the next ten years.

Swiss to vote on plan to give everybody $34,000 a year: reports
October 9, 2013, 11:42 AM

First they go planning for an invasion by the French, now the Swiss are going to have a vote on a proposal to give everybody in the country $34,000 a year, no strings attached.

The Swiss referendum process allows any measure gaining 100,000 signatures to get a vote, and the latest one involves a basic income for all adults in the country of 2,500 Swiss francs a month, or nearly $34,000 a year at current exchange rates. The country’s poverty line is about 2,300 Swiss francs a month.

Residents of the country have been miffed at exorbitant pay for the country’s bank executives, Reuters reported.

As part of the petition process, organizers dumped millions of 5 centime coins in front of the country’s parliament building, the Daily Mail reported.

– Tom Bemis


http://blogs.marketwatch.com/thetell/2013/10/09/swiss-to-vote-on-plan-to-give-everybody-34000-a-year-reports/




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