"Our people are very pragmatic. OK, they thought, if we are paid in any case, first of all, how much it will cost, and, secondly, where the money will come from. If we do nothing, our stability and prosperity will fade away. And that is why they said no," Helg explained.
According to the authors of the initiative, which was proposed in early 2016, the UBI reflected the high cost of living in Switzerland. Meanwhile, opponents of the idea, including those from the government, believed that this innovation would weaken the country's economy.