The Next QE? Switzerland Prepares A “Living Wage” Of $2,600 For Every Citizen

Jon Alternative Media, Blogosphere, Economy, Government, Real Estate, Socialism

With Japan planning a few trillion Yen stimulus plan of airdropping “gift cards” directly to the poor to spur spending (and the virtuous awesomeness of economic utopia), it appears Switzerland is about to go one step further. As Motherboard reports, Switzerland could soon be the world’s first national case study in basic income. Instead of providing a traditional social net – unemployment payments, food stamps, or housing credits – the government would pay every citizen a fixed stipend. The proposed plan would guarantee a monthly income of CHF 2,500, or about $2,600 as of November 2014; meaning every Swiss family can expect an unconditional yearly income of $62,400 without having to work, with no strings attached. What could go wrong?

This post was published at Zero Hedge on 11/19/2014.