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By Tyler Durden
This weekend the Swiss population was called upon to make a historic decision, when Switzerland became the first country worldwide to put the idea of free money for everyone, technically known as Unconditional Basic Income (of CHF2,500 per month for every adult man and woman, and CHF625 for every child, for doing absolutely nothing) to a vote.
As reported previously, the outcome of this referendum would set a strong precedent and establish a landmark in the evolution of the debate of handing out free money in a centrally-planned world. And as predicted, based on early vote projections it has been a landslide decision against the “free lunch.”
Opponents of the Swiss Basic Income Initiative demonstrate in front of parliament
According to BBC, some 78% of voters opposed the plan, a GFS projection for Swiss TV suggested. AFP adds that most Swiss vote in advance by post, so a large majority of ballots had already been counted, and gfs.bern put the margin of error at just plus/minus three percent.
Supporters said since work was increasingly automated, fewer jobs were available for workers. Switzerland is the first country to hold such a vote. No figure for the basic income had been set, but those behind the proposal suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and SFr625 for each child, reflecting the high cost of living in Switzerland. It is not clear how it would affect people on higher salaries.
Supporters of a basic income last month launched a giant poster campaign. The
poster unfortunately fails to ask “who is going to pay for it?”
“We are very happy,” Ralph Kundig, one of the lead campaigners, told the ATS news agency. Supporters threw a party in Lausanne to celebrate the 22 percent of votes they had garnered. “One out of five people voted for the unconditional basic income, so that is a success in itself,” Sergio Rossi, an economics professor and backer of the initiative, told ATS.
However, there was little support among Swiss politicians for the idea and not a single parliamentary party has come out in favour, but the proposal gathered more than 100,000 signatures and was therefore put to the vote under the Swiss popular initiative system.
Critics of the measure say that disconnecting the link between work done and money earned would be bad for society. But Che Wagner from the campaign group Basic Income Switzerland, says it wouldn’t be money for nothing. “In Switzerland over 50% of total work that is done is unpaid. It’s care work, it’s at home, it’s in different communities, so that work would be more valued with a basic income.”
Luzi Stamm, who’s a member of parliament for the right-wing Swiss People’s Party, opposes the idea. “Theoretically, if Switzerland were an island, the answer is yes. But with open borders, it’s a total impossibility, especially for Switzerland, with a high living standard,” he says.
“If you would offer every individual a Swiss amount of money, you would
Source: "Marxist Dream" Crushed – In Landslide Vote, Swiss Reject Proposal To Hand Out Free Money To Everyone

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