The Swiss Plan to Throw Money at People

The Swiss are apparently going to hold a vote on a rather radical proposition–giving every Swiss citizen a universal monthly income of 2,500 francs (about $2,750), for an annual income of 30,000 francs (about $33,000). For perspective, this amounts to about twice what an American working for the federal minimum wage would earn annually if he were to work 40 hours a week every week without any breaks. I very much doubt that the Swiss will vote for this proposal due to how very radical it is, but I’d like to discuss the implications it would have for Switzerland if they were to do so and contemplate what a similar program would do in the United States.

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