As reported by thelocal, every Swiss adult resident would have the right to guaranteed basic monthly income of 2,500 francs a month, if a proposal to be submitted to voters this summer is accepted.

The initiative, proposed by a group of intellectuals, was one of five subjects approved by the federal government on Wednesday for the ballot box on June 5th.

Switzerland will become the first country in the world to vote on the introduction of unconditional income at the national level.

But it has not won much support from traditional politicians, even those on the left.

The initiative’s backers say it aims to break the link between employment and income, with people entitled to guaranteed income regardless of whether they work.

Each child would receive 625 francs a month.

The federal government estimates the cost of the proposal at 208 billion francs a year.

Around 153 billion taxes would have to be levied from taxes, while 55 billion francs would be transferred from social insurance and social assistance spending.

bbabo.Net