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Switzerland to vote on $2,800 monthly ‘basic income’ for adults
|Last Edited||IndyGeorgia Oct 05, 2013 01:46pm|
|Media||Website - Yahoo News|
|News Date||Saturday, October 5, 2013 07:45:00 PM UTC0:0|
|Description||More than 100,000 residents in Switzerland have signed a petition demanding that the government ensure a minimum monthly income of nearly $2,800 (2,500 Swiss francs) for all adults in the country. |
The 120,000 signatures are enough to formally call a vote in the government over whether or not to approve the “CHF 2,500 monthly for everyone" (Grundeinkommen)” funding proposal.
For comparison, the average U.S. worker earned $3,769 in pre-tax, monthly salary in 2011. Food service industry workers earned $1,785 in pre-tax income during the same period.
MSN reports that in a public display of support, advocates tipped over a truck full of 8 million five-cent coins in front of the Swiss capital on Friday, one coin for each of the country’s citizens.
A formal date has yet to be set for the vote but it could come as early as this year, pending guidance from Swiss government.
Funding for the proposed measure would come out of the Swiss social insurance system, which already guarantees universal health care coverage for its citizens, along with other benefits designed to uphold the country’s social safety net.
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