A bill to be decided on in Switzerland would give every one of the 8 million citizens and legal residents a very generous monthly income.Adults would get $2600 a month tax-free and children would get $650 each. No other country has ever done this. [Update: it was voted down]
It is a key Marxist ideal.
Someone who currently earns, say, $6,500 month would not receive any money from the government but $2,600 of it would not be taxed.
For those getting welfare or other social benefits, payments of up to $2,600 a month would be replaced by the new basic income. Anything over this amount would continue to be provided as a separate payment and taxed accordingly.
Theoretically, a family of two non-working adults and two children at home would be eligible for $6,500 a month, or $78,000 a year tax-free. That’s nearly twice the after-tax income of a typical American family.
Everyone would get it, regardless of work status, income level, or wealth or deadbeat status.
The Swiss have average incomes 40% higher than in the US and perhaps they can afford it though the Swiss Treasury doesn’t think so.
The same concept is being discussed in the Netherlands, Finland, Canada, New Zealand and other nations.
Swiss artists, writers, intellectuals who live in an alternative universe came up with the idea but the bill will probably go down in massive defeat since 75% of those polled are opposed and 25% support it. That 25% undoubtedly includes the deadbeats.
To pay for it, among other initiatives, they would increase the VAT – value added tax – a dangerous concept since it becomes an ATM added on to other taxes. It kills business.
The far-left in this country, including Robert Reich, want it in the US but believe it’s a decade away.
Before you mock Switzerland, consider what we pay out in welfare in the US already which apparently isn’t enough. People here in New York can make up to $50,000 in pay and benefits when all welfare, food stamps, educational grants, child credits, free child care, housing and healthcare are all tallied.
How is that so different? There is an important distinction when delving into the ideological difference. Telling someone they are entitled to other peoples’ money, and a lot of it, for doing nothing with the corrupt State as the overseer and manager is Socialism or Communism and it’s theft.
The US fits very nicely in the mix of EU welfare states but there are those who will tell you it’s not enough and they will say it until they have control of all our money and labor.
Listen to this brief clip from the CATO Institute: