An unconditional basic income is unconditionally unrealistic

One of the arguments for the 5 June referendum is that jobs are being increasingly lost to machines and robots, making a guaranteed income for all the best way of tackling what could soon be a paramount problem for society. Among events organised by the sponsors have been demonstrations with protesters dressed as robots. The backers of next month’s referendum on a guaranteed basic income seem to prefer stunts and gimmicks to honest discussion on the future of the Swiss welfare state.
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Lenin would have laughed

A closer look at the text of the proposed sovereign money initiative is revealing: what its supporters are really after is the abolition of the capitalist banking system. As their promise of greater stability really cannot be met, this “reform” would at least make Lenin smile.
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