Quoting a recent article in The Economist (Edited by me) " The Swiss will soon vote on a proposal for a basic income of 2,500 francs ($2,700) per month, follow

Quoting a recent article in The Economist (Edited by me) " The Swiss will soon vote on a proposal for a basic income of 2,500 francs ($2,700) per month, following the success of a national petition.... Turning it into a substitute for all welfare payments would be prohibitively expensive. But it might work as one element of the safety net.... Although the basic income has so far failed to take off, it does have a commonplace cousin: the tax-free allowance.... It is feasible only if it is small, and complemented by more targeted anti-poverty measures. Basic income: the clue is in the name. " Full Link: http://www.economist.com/news/finance-and-economics/21651897-replacing-welfare-payments-basic-income-all-alluring http://www.economist.com/news/finance-and-economics/21651897... Also of interest (US trying basic income): http://www.economist.com/blogs/democracyinamerica/2013/11/government-guaranteed-basic-income http://www.economist.com/blogs/democracyinamerica/2013/11/go...