Swiss vote on plan to grant universal basic income to all
Published 05/06/2016 | 11:21
The Swiss are voting on a proposal that would guarantee everyone in the country an unconditional basic income.
The referendum, which ends Sunday, was called after activists collected the necessary 100,000 signatures to force a vote on the issue.
Proponents argue that a basic income would free people from meaningless toil and allow them to pursue more productive or creative goals in life.
Critics say the plan would explode the state budget and encourage idleness.
Recent polls have indicated that a majority of Swiss reject the proposal.
If passed, experts say the minimum required to provide a basic living in the wealthy nation of seven million people would be 2,500 Swiss francs (£1,765) per month.
Projections by the gfs.bern polling group, based on partial counts, indicated that almost four out of five Swiss voted against the plan.