BREAKING NEWS

Swiss voters to decide on guaranteed monthly income plan

By REUTERS

JUNE 5, 2016 23:26

People in Switzerland were voting in a referendum on Sunday on a proposal to introduce a guaranteed basic income for everyone living in the country, a debate also gaining prominence elsewhere.

Even though opinion polls showed the initiative by Basel cafe owner Daniel Haeni and allies has scant chances of victory, public interest in the matter is huge, far beyond Swiss borders.

Supporters said introducing a monthly income of 2,500 Swiss francs ($2,563) per adult and 625 francs per child under 18 would promote human dignity and public service. Opponents, including the government, said it would cost too much and weaken the economy.

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