Thursday, December 19, 2013

Free Money!

From the BBC:
"Swiss to vote on incomes for all - working or not"

Switzerland, one of the world's wealthiest countries, is engaged in an intense process of soul searching - about money.  This year alone there have been two nationwide referendums on executive pay, one of which approved strict limits on bonuses and banned golden handshakes. Now two more votes are on the way, the first on the introduction of a minimum wage, and the second, and most controversial, on a guaranteed basic income for all legal residents, whether they work or not. A universal basic income sounds very radical, but it is not a new idea - Thomas More proposed it in his work Utopia in the 16th Century. On the left, universal basic income is thought to be fairer, while on the right it is seen as the policy that would make welfare payments obsolete. For Enno Schmidt, a key supporter of universal basic income, Switzerland is the perfect place, and 2013 the perfect time, to launch a campaign to introduce it. "Switzerland is the only place in Europe, and maybe in the world, where the people have the right to make something real, [through] direct democracy," he says. That system of direct democracy means the Swiss could vote for free beer if they wanted to.  To hold a nationwide referendum, all citizens have to do is gather 100,000 signatures calling for a vote, and the ballot must be held - the result is binding.  The anger among many Swiss voters at the news that some of their biggest banks, such as UBS, had continued paying top executives huge bonuses while also reporting huge losses, has led to a heated debate about salaries, and more widely, about fairness. In that context, it was easy to gather the 100,000 signatures to hold the vote on universal income, and the government is expected to name a date for the referendum soon. Swiss business leaders have reacted with dismay, one calling it a "happy land" proposal, the product of a younger generation that has never experienced a major economic recession or widespread unemployment. Many have also suggested it could provide a major disincentive to working at all, something that could pose problems for Swiss companies already finding it hard to recruit skilled workers. Mr Schmidt denies this, saying the proposed amount for Switzerland, 2,500 Swiss francs ($2,800; £1,750) a month is scarcely enough to survive on, and that anyway a society in which people work only because they have to have money is "no better than slavery".  Instead Mr Schmidt argues that universal income would allow people more freedom to decide what they really want to do

^ It must be nice for the Swiss to only have to worry about giving money away rather than the rest of us who have real life problems they have to deal with. Let's not forget that Switzerland gained wealth by dealing with the Nazis and their looting of Holocaust victims. The Swiss were so-called neutral (only when it suited them.) They were the reason the Germans put a "J" (for Jew) on Jewish ID Cards - because the Swiss didn't want to let in Jewish refugees. The Swiss also let boxcars of wealth and people pass through their territory. Most of the wealth stayed in Switzerland while the people went to the death camps. People may say that was 60+ years ago, but the Swiss and their banking system has refused to accept their guilt and try to make amends. They both remain very secretive about it all. That shows no remorse or guilt. ^



 http://www.bbc.co.uk/news/business-25415501

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