Swiss voters have overwhelmingly rejected a proposal to give the entire population of the country enough money to live on, according to exit polls.
A projection provided to the public broadcaster RTS said 78% had voted against all Swiss citizens, along with foreigners who have been residents in Switzerland for at least five years, being given a universal basic income, or UBI.
More detail about the proposal, from the same news story:
The amount to be paid was not determined, but the non-political group behind the initiative had suggested paying CHF2,500 (£1,765) a month to each adult, and CHF625 (£445) for each child.
Authorities have estimated an additional CHF25bn (£17.6bn) would be needed annually to cover the costs, requiring deep spending cuts or significant tax increases.
One CHF is 1.02 U.S. dollars. So the spending increase would be over $3,000 per Swiss resident annually. I would have thought the added spending would be much more per person annually, given that the amount of the subsidy for adults is over $30,000 a year and the amount for children is over $7,000 a year. Maybe there's an income cutoff for receipt of the welfare payment.