By Chris Harris
Switzerland will become the first country to hold a national vote on whether to introduce a Universal Basic Income (UBI).
Here we explain what UBI is and look at the cases for and against the initiative.
What is universal basic income?
At present, state benefits are paid to people on an individual basis, often according to what their existing income is.
There are various UBI models, but the general idea is that states pay a sum of money to individuals, regardless of how much they are already earning.
The official wording of the Swiss initiative does not specify how much the UBI would be, however supporters have suggested a sum of 2,500 Swiss francs (2,259 euros) for adults and 625 (564 euros) for children.
Here we explain what UBI is and look at the cases for and against the initiative.
What is universal basic income?
At present, state benefits are paid to people on an individual basis, often according to what their existing income is.
There are various UBI models, but the general idea is that states pay a sum of money to individuals, regardless of how much they are already earning.
The official wording of the Swiss initiative does not specify how much the UBI would be, however supporters have suggested a sum of 2,500 Swiss francs (2,259 euros) for adults and 625 (564 euros) for children.
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Source: euronews.
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