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Switzerland's voters rejects basic income plan

From bbc.com

Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all. Final results from Sunday's referendum showed that nearly 77% opposed the plan, with only 23% backing it. The proposal had called for adults to be paid an unconditional monthly income, whether they worked or not. The supporters camp had suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and also SFr625 for each child. The amounts reflected the high cost of living in Switzerland. It is not clear how the plan would have affected people on higher salaries. The supporters had also argued that ... (full story)

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