Swiss To Vote On Giving Everyone A Basic Income

[haikuman]

Thank you for the link kd :priate:

[space-time]

Lux Interior wrote:
[quote=Speedy]
[quote=Mike Johnson]
That's more than Alaska gives its citizens, but it's not qualitatively different.

That's where the Swiss got the idea.
Good God!

What socialist-pinko-commie-dictator was the governor of Alaska when this happened?
only someone who could see the real commies from their house can do something like that

[RAMd®d]

Umm, seems like the cost of rent can double only if the demand doubles, no?

Umm, no.

When the current base of renters has more income, the cost of rent goes up. Maybe they wait until a current renter moves out, maybe they don't.

They're Swiss, maybe they'll be fair and reasonable about increasing rent. That wouldn't happen in say, New York or San Francisco.

[Jack D.]

[space-time]

someone from Switzerland told me they cannot move to a new apartment at any time they want. Apparently there are some "moving periods" like one or two weeks in the Spring and again a similar period in the Fall when you can move to a new apartment, and everyone rushes to reserve moving trucks and so on during those times. I found it hard to believe but that's what he told me.

anyone knows if this is true or not?

[thermarest]

Mike Johnson wrote:
That's more than Alaska gives its citizens, but it's not qualitatively different.

Its EXTREMELY different qualitatively. I must assume you either didn't read the article or don't know how Alaska's Permanent Fund Dividend works.

The Swiss ballot measure (which is indeed just crazy talk, imho) proposes legislating a fixed dollar amount payment to everyone, a dollar amount that according to the author "exceeds the federal budget of Switzerland by more than 300%."

The Alaska system is a payout of money ALREADY collected by the state as royalties from for-profit entities which extract state-owned resources. Some of said royalties are invested in a big fund, not unlike a managed mutual fund, and the returns of the fund are paid out to the populace according to a formula that uses a rolling 5-year average of fund returns. Its very practical and fairly conservative. Nobody is "guaranteed" anything. Poor stock market conditions = lower returns (just like any other investor) = smaller dividend payout. No oil royalty revenue over time = smaller inflows = fund doesn't grow as much = smaller payouts. Population grows but fund return stagnates? Smaller per capita payout.

[Mike Johnson]

thermarest wrote:
[quote=Mike Johnson]
That's more than Alaska gives its citizens, but it's not qualitatively different.

Its EXTREMELY different qualitatively. I must assume you either didn't read the article or don't know how Alaska's Permanent Fund Dividend works.
If it looks like a socialist duck, and quacks like a socialist duck...

[August West]

While the implementation may be flawed, I think the concept is not irredeemable.

[$tevie]

space-time wrote:
[quote=Lux Interior]
[quote=Speedy]
[quote=Mike Johnson]
That's more than Alaska gives its citizens, but it's not qualitatively different.

That's where the Swiss got the idea.
Good God!

What socialist-pinko-commie-dictator was the governor of Alaska when this happened?
only someone who could see the real commies from their house can do something like that
The Alaska Permanent Fund has been around since 1976.