Seems Like Switzerland Wants To Start Paying Every Adult $2,500 A Month


One of the richest countries in the world is planning to give every adult in the country a basic income of $2,500 dollars a month.

Next month, Switzerland will vote on the allowance of adults to a basic income. Although it does seem unlikely that the decision would turn out positive, spectators believe it’s still worth a shot.

The stipend which will eliminate some other welfare benefits seeks to give all Swiss a better livelihood, although the referendum does not say how much, supporters of the referendum have suggested 2,500 francs ($2,500) for adults and 625 francs for kids per month.

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The idea has come under a lot of backlash with even the government arguing that it could lead to an increase tax, a reduction in the Swiss workforce which will cost most companies to relocate, thereby dwindling the Swiss economy.

“We’ve come to the conclusion that such an initiative could weaken our economy,” Swiss Interior Minister, Alain Berset said.

Disputants of the basic salary also say that the $2,500 dollars a month which will amount to $30,000 a year is only slightly above the poverty line ( which stands at 29,501 francs ) and isn’t good enough for an expensive country.

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With the ongoing backlash, some spectators actually believe it’s about time basic income be put to the test considering the prediction that robots are on the verge of eliminating most jobs. Advocates also believe that Switzerland can pull off the basic salary seeing how rich the European country is.

Former Greek Finance Minister Yanis Varoufakis told Bloomberg that, “A rich country like Switzerland has the great opportunity to try out this great experiment.”

Although Switzerland is the first country to attempt to vote on a basic income, other countries such as Canada, the Netherlands and Finland have also considered the idea.