Wednesday, April 20, 2016

Residents of Swiss city to get free basic income as part of experiment

Lausanne is becoming the latest place to join the experiment with basic income: it means that every one of its 150,000 residents will receive money for basic needs like food, transport and clothes, regardless of their income or status.

Currently, local authorities have adopted a plan to conduct the experiment, with the city council passing the motion by 39 votes to 37, with eight abstentions, according to a report by Basic Income Earth Network outlet.

No precise details are available yet, but the scheme could be similar to that in Utrecht, Netherlands.

There, the monthly paychecks vary from €900 (US$1,023) for one adult to €1300 for a couple or family.

The idea is that the residents get a certain amount of cash to ensure that they have decent lifestyle, and to avoid the red tape of a welfare state .... https://www.rt.com