Would U.S. Voters, Like The Swiss, REJECT Guaranteed Income For All?

by Anura Guruge


Click image to access “New York Times” original.

Kind of like Social Security retirement FOR LIFE irrespective of age. The Swiss were talking $2,560, to each adult and $640 for children under 18 PER MONTH! That is more than what most people get in Social Security.

Of course the question becomes how will you FINANCE such a guaranteed income plan?

Of course TAXES will have to be raised and other entitlement program, possibly Social Security, would have to be trimmed back.

The Swiss, a savvy bunch, rejected it because they understood the consequences.

That might not be the case in the U.S. IF it ever, by some miracle, makes it to a vote for referendum. But to be fair there will be a large percentage, possibly 50%, who would vote it down because of the tax implication and Federal Government involvement. Food for thought though.

by Anura Guruge

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