The Swiss Have Launched A Referendum To Pay Every One Of Its Citizens 7500 Francs

Photo by 🇨🇭 Claudio Schwarz | @purzlbaum on Unsplash

A new Swiss initiative proposes that each citizen receive 7500 Swiss Francs, the equivalent of $11724 (AUD).

As per Switzerland’s direct democracy rules, If the initiative can receive 100,000 signatures, the Swiss electorate will put it to a vote.

If successful, the scheme will be financed by Switzerland’s national bank, from which each and every Swiss citizen will receive payment – including children.

The creatively named ‘Helicopter Money Initiative’ is designed to benefit the country by bolstering the economy:

“Exports, interest rates, inflation and investment would rise”

Such benefits will not come cheap however, with an expected price-tag of approximately 45 Billion Swiss Francs. 

About Steven Psaradakis 67 Articles
As a science graduate interested in truth and wellbeing, Steven's writing explores current affairs from a measured and logical perspective. Steven's work has been shared in Dialogue & Discourse, The Innovation, and Data Driven Investor.