Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
05-24-2016, 06:17 AM #1
Switzerland pays 2500 francs to all citizens, $2500 a month for everyone?
Tina BurgessSan Diego Top News Examiner May 24, 2016 2:05 AM MST
Switzerland wants to pay 2,500 francs to its citizens, which is equivalent to about $2522 per month for everyone or $30,000 per year for each adult, no matter whether one works or not.
Switzerland’s move to dish out 2,500 francs to all adults unconditionally comes after the country’s financial crisis and people’s struggle to make a living.
Switzerland's People Power Plebiscites, a common part of Switzerland's direct democracy, has gathered the required 100,000 signatures to put the stipend of 2,500 francs for everyone to the vote, reports the Economic Times on May 24. The vote is to take place on June 5, and already other countries have their interest sparked in the idea.
The initiators behind Switzerland’s move to pay 2,500 francs to each adult and a quarter of that for each child argue that an annual income of about 30,000 francs ($30,272) would give everyone a chance to live a “decent existence.” In 2014, the poverty line was at an annual income of 29,501 francs.
One in eight people in Switzerland was below the poverty line in 2014. The new law would pay 2,500 francs unconditionally to each adult and replace various other welfare benefits.
The proposed law to pay Switzerland’s citizens 2,500 francs without having to do anything is opposed by the country’s government which argues that such a stipend would mean higher taxes and an encouragement to individuals not to have to look for work.
Switzerland pays 2500 francs to all citizens, $2500 a month for everyone? about 2 hours ago (video)
Similar Threads
-
ISIS Pays Foreign Fighters $1,000 a Month
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 09-22-2014, 07:02 PM -
Insurance Officials Asked if Premiums Will Decrease By $2500 Like Obama Promised?
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 05-08-2014, 12:58 AM -
Indiana: City Threatens $2500 Fines for Challenging Traffic
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 1Last Post: 12-11-2009, 09:00 AM -
India Unveils 52 MPG TaTa Nano Car - Price $2500
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 1Last Post: 07-14-2008, 11:13 AM -
Oregon: Sheriff's deputies raid 2500 plant pot patch
By moosetracks in forum illegal immigration News Stories & ReportsReplies: 0Last Post: 08-23-2006, 09:21 PM
Chinese migrants are fastest growing group crossing into U.S....
03-18-2024, 09:25 PM in Videos about Illegal Immigration, refugee programs, globalism, & socialism