DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Free Money? NoTthanks, Say Swiss Voters.

5th June 2016

Read it.

On offer in a Swiss referendum this Sunday: a guaranteed monthly income for every adult, paid for by the government.

What could go wrong? Oh, let me count the ways….

But Gfs.bern, a Swiss firm monitoring voter opinions, projected that only 22 percent voted yes for “free money” on Sunday, based on a partial count of ballots. Most Swiss vote in advance by mail, so most ballots have already been counted, according to Agence France-Presse.

The reason for the opposition isn’t what you’d expect, either. Most aren’t worried that a universal basic income would disincentivize workers from finding jobs or turn Switzerland into a Marxist dystopia. The fear is that $2,500 a month would make the country too attractive to economic migrants.

Would that Obama would get the same clue. You can’t have generous public benefits and open borders — As Mrs Thatcher famously said, eventually you run out of other people’s money.

The Swiss have already rejected initiatives that would have increased the minimum wage and extended the minimum paid holiday time from four to six weeks.

The Swiss are basically sensible people.

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