Topic: Swiss to vote on 2,500 franc basic income for every adult - page 4. (Read 4899 times)
We shall have Utopia, whether or not we like it. The question is only whether Utopia will be achieved by consent or by conquest.
So...get rich then retire in Switzerland. Receive free money.
No. Have enough for a train ticket. Move to Switzerland as an moneyless homeless. Retire.
There are always unintended consequences when the government does something like this. It seems (to me anyway) that one consequence of this give-away is that it would necessarily, directly feed inflation and/or devaluation of the currency. By how much would be hard to guess. I throw out a WAG that after this program has been in place for 15 months, it will cost at least 3.500 to 4.000 francs to purchase what that 2.500 francs would have bought prior to the start of this program.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
It's not being 'infused' into the economy, it's being moved from rich to poor people. It might not have any inflationary effect.
It 100% will cause rampant inflation. When rich people are holding they money, the money does not enter circulation, ie. buying up food/electronics/furniture etc..., it's just sitting in their bank account or invested in some stocks. but when you distribute these to the masses...
This will create a dedicated class of folks who happily live a simplistic lifestyle on 2500 f/mo and pursue their own interests. Or watch a lot of TV.
There are always unintended consequences when the government does something like this. It seems (to me anyway) that one consequence of this give-away is that it would necessarily, directly feed inflation and/or devaluation of the currency. By how much would be hard to guess. I throw out a WAG that after this program has been in place for 15 months, it will cost at least 3.500 to 4.000 francs to purchase what that 2.500 francs would have bought prior to the start of this program.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
It's not being 'infused' into the economy, it's being moved from rich to poor people. It might not have any inflationary effect.
There are always unintended consequences when the government does something like this. It seems (to me anyway) that one consequence of this give-away is that it would necessarily, directly feed inflation and/or devaluation of the currency. By how much would be hard to guess. I throw out a WAG that after this program has been in place for 15 months, it will cost at least 3.500 to 4.000 francs to purchase what that 2.500 francs would have bought prior to the start of this program.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
Am I reading this right? "unconditional income of 2,500 Swiss francs ($2,800) per month from the state". Does that mean you get that amount of money even if you are capable of working and not working?
Conversely, I wonder if it means that you receive the money even if you are working and making a decent income? 
Democracy on steroids. 
Am I reading this right? "unconditional income of 2,500 Swiss francs ($2,800) per month from the state". Does that mean you get that amount of money even if you are capable of working and not working?
The problem is how do they afford it? I don't think communism can work if you have currency.
How can USA afford food stamps etc.?
This is just moving the existing social security to different form. The goal is to lessen the associated cost of social security. And I believe these sort of schemes increase the tax burden for majority by amount they are getting.
legendary
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Sure it can just start with a socialist structure and build it up from their using elements of capitalism
Chinese model
Chinese model
The problem is how do they afford it? I don't think communism can work if you have currency.
legendary
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Basic wage would be nice better than a ton of homeless people
The ones left will be easier to rehabilitate
The ones left will be easier to rehabilitate
By the way Americans, this is what actual communism looks like, what I worry about though is the amount of people flooding in for their chance to get 'free' money.
With sensible taxation system to offset this, it might save money from bureaucracy overall. And entourage part time work.
So...get rich then retire in Switzerland. Receive free money.
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