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Re: Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens

By: Zimbler0 in POPE IV | Recommend this post (0)
Sat, 30 Jan 16 7:49 PM | 84 view(s)
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Msg. 03207 of 47202
(This msg. is a reply to 03193 by capt_nemo)

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Swiss to vote on 2,500 franc basic income for every adult

http://www.reuters.com/article/us-swiss-pay-idUSBRE9930O620131004

Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-rappen coins outside the parliament building in Berne, one for each person living in Switzerland.

Under Swiss law, citizens can organize popular initiatives that allow the channeling of public anger into direct political action. The country usually holds several referenda a year.

In March, Swiss voters backed some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation.


(Article does continue. Zim.)




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The above is a reply to the following message:
Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens
By: capt_nemo
in POPE IV
Sat, 30 Jan 16 7:08 AM
Msg. 03193 of 47202

I'm moving there LOL

http://feedproxy.google.com/~r/zerohedge/feed/~3/L9rBWFzd_jo/story01.htm


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