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http://www.businessinsider.com/swiss-economic-inequality-reform-2013-11
There's something strange going on in Switzerland. This Sunday, Swiss voters will vote on the 1:12 Initiative, a plan to limit the monthly pay of Swiss companies' top executives to the yearly pay of their lowest paid employees, an annual ratio of one to twelve. The people behind that idea hope both to curb enormous executive salaries and to raise the standards of living for the poor.
Then there's another, even more radical idea — a plan to give everyone a minimum basic income of 2,500 francs ($2,800) a month. To get this money, all you would have to do is be an adult citizen — and you could get this money even if you had a job. A vote on this idea is likely to be held in early 2016.
These ideas might sound crazy, but they're real possibilities. In fact, Switzerland has been debating a lot of ideas like this over the past year — in March, the country approved a plan that would give shareholders an annual ballot on managers’ pay (the plan was called an "initiative against 'fat cats'"
, and next year the country will vote on a plan to impose a minimum wage of 4,000 Swiss francs ($4,300) a month.
What's most strange about this radical egalitarianism is that Switzerland has long held a reputation as a kind of capitalist paradise, with secretive banks, low taxes, and lots of gold.
Read more: http://www.businessinsider.com/swiss-economic-inequality-reform-2013-11#ixzz2lZ2ze34C
There's something strange going on in Switzerland. This Sunday, Swiss voters will vote on the 1:12 Initiative, a plan to limit the monthly pay of Swiss companies' top executives to the yearly pay of their lowest paid employees, an annual ratio of one to twelve. The people behind that idea hope both to curb enormous executive salaries and to raise the standards of living for the poor.
Then there's another, even more radical idea — a plan to give everyone a minimum basic income of 2,500 francs ($2,800) a month. To get this money, all you would have to do is be an adult citizen — and you could get this money even if you had a job. A vote on this idea is likely to be held in early 2016.
These ideas might sound crazy, but they're real possibilities. In fact, Switzerland has been debating a lot of ideas like this over the past year — in March, the country approved a plan that would give shareholders an annual ballot on managers’ pay (the plan was called an "initiative against 'fat cats'"
, and next year the country will vote on a plan to impose a minimum wage of 4,000 Swiss francs ($4,300) a month.
What's most strange about this radical egalitarianism is that Switzerland has long held a reputation as a kind of capitalist paradise, with secretive banks, low taxes, and lots of gold.
Read more: http://www.businessinsider.com/swiss-economic-inequality-reform-2013-11#ixzz2lZ2ze34C
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