Wednesday, May 18, 2016

More welfare to remove dependence on welfare Or the advent of helicopter money

Is helicopter  money coming?

Switzerland is preparing to vote on proposals to introduce a universal basic income, which campaigners say would erase poverty and remove dependence on welfare.
The initiative's founders have suggested each adult should receive 2,500 francs (£1784) a month with children receiving 625 francs (£446) a month until they reach 18.
Labour's Shadow Chancellor John McDonnell said in February the party will not rule out unconditional pay for all members of society.
The Finnish government are currently considering a two-year pilot programme beginning in 2017 for 10,000 people to receive 550 Euros (£443) each month.