Chua Mui Hoong
Opinion Editor, The Straits Times
Published Jun 5, 2016, 5:00 am SGT
It sounds like Utopia: getting a fixed basic income every month for doing nothing.
Yet it’s something being considered seriously. Switzerland votes this weekend (June 5) on a referendum on whether to give out out an unconditional basic income (UBI) of SFr30,000 a year to every citizen, regardless of their wealth, or whether they are working.
The No vote is expected to win, with latest polls showing 60 per cent not in favour [Blogger’s Note: Indeed the Swiss voted No]. They are uncomfortable with what this will cost the public purse and what it will do to the work ethic.
Read more here.
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