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    Swiss Voters Reject Basic $2,500 Income Proposal at Nationwide Referendum

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    Almost 77 percent of the Swiss voters reject the $2,500 monthly Universal Basic Income (UBI) proposal in a national referendum on Sunday.

    GENEVA (Sputnik) — The failed revolutionary proposal called for all Swiss adults to be paid an unconditional monthly income, regardless of whether they worked or not. 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, believe that this innovation would weaken the country's economy.

    According to official data released by the country's authorities, 76.7 percent of the voters disagreed with the proposal, the initiative was supported by 23.1 of the voters. The most positive response was found in the cantons of Basel-Stadt — 36 percent, Jura — 35.8, Geneva — 34.7 and Neuchatel — 31.2 percent.

    In January, a Demoscope poll revealed that 56 percent of the Swiss believed that the initiative would be rejected. Then, the majority of the Swiss population said they were unlikely to quit their jobs even if the initiative was supported.

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