A proposal to dramatically change social welfare policy has been soundly rejected in Switzerland.
Switzerland rejects plan to pay every citizen at least $2,500 a month - Jun. 5, 2016
Success was not expected by the initiators, the whole affair was designed to provoke thought and discussion.
Orthography sucks even more.:2razz:Socialism sucks, no matter who's idea it is!
Success was not expected by the initiators, the whole affair was designed to provoke thought and discussion.
part and parcel.And ridicule?
The $ 2.500 was too high and it surprised me that a sum that high was chosen. Wider economic theory make it hard to see how that could work. The experiments in Finland will be more interesting. The main thing I see as a stumbling block is the vested interest of powerful groups in the soicial programs, whose bureaucracies would disappear.
Agree, a basic income that high will cost about 25-30% of Switzerland GDP. In addition to this the government will have to pay for schools, roads, public transport, health care and more. Its not realistic at all, and doesn't open a discussion, it just ridicules people who defend basic income.
Basic income is an interesting idea, but it is not a way to eliminate poverty.
Why should government pay all that? Those are all private goods and people can pay for them.
Mostly because these things are wanted by the public, but ends up failing if we only have private systems. Without schools, then we end up with kids without education, without health care then people die of basic diseases, and roads and public transport has a market failure, because competition is impossible and when you build roads/public transport then you create benefits for other businesses.
Due to this, all western countries provide these benefits, and I am including Hong Kong and Singapore.
Good for them....too damn many leeches out there already!
How is the government supposed to get the money for these anti taxes?
Swiss voters reject guaranteed basic income proposal - Business InsiderHow is the government supposed to get the money for these anti taxes?
Looks like around 88 -89 pct would already be (have been) accounted for.The cabinet had said it recognized the overarching goal but this particular proposal would cost an estimated 208 billion Swiss francs a year, significantly weaken the economy and discourage people, especially low earners, from working.
Much of the cost could be covered by existing social security payments, but sharp spending cuts or tax increases would have to make up a remaining gap of 25 billion, it said.
An advanced social safety net already supports people who cannot pay themselves for their livelihood, it pointed out.
Mostly because these things are wanted by the public, but ends up failing if we only have private systems. Without publicly funded schools, then we end up with kids without education, without health care then people die of basic diseases.
Roads and public transport could have worked if it wasn't affected by a market failure. Creating two roads next to eachother is inefficient, so competition is nearly impossible, and roads and public transport has positive externalities. Since the owner do not get these positive externalities, then they will be less inclined to build.
Due to this, all western countries provide these benefits, and I am including Hong Kong and Singapore.
Swiss voters reject guaranteed basic income proposal - Business InsiderLooks like around 88 -89 pct would already be (have been) accounted for.
Government providing roads has the result of keeping technology stagnant as there is no instinctive to move to better solutions. This will lead to the government actually being called upon to move technology forward as the private sector has little chance of doing it alone. Public schools allows the government to influence the minds of children and control educational standards of the country. Yes, it could be argued that it raises the amount that attend, but even before public education the majority of children didn't go without an education of some sort. As for healthcare, no, the government doesn't really do much to prevent people from dying of basic diseases when they help pay for it.
Did you read the article linked to in the post you quote at all?It's a good thing that it got rejected, otherwise, it would hurt switzerland's economy
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