Switzerland Voters Reject Guaranteed Basic Income Plan

Jun 06, 2016, 11:42 AM
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Voters in Switzerland on Sunday overwhelmingly rejected a proposal to introduce a guaranteed basic income for everyone living in the country.

Nearly 77% of voters opposed the plan that would have promised a monthly income of 2,500 Swiss francs—or $2,563—per adult and 625 francs per child under 18 no matter how much they work, Reuters reports. Only 23% of voters supported it, final referendum results show.