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Switzerland to vote on $2,800 monthly ‘basic income’ for adults

fCommittee members use brooms and shovels to spread out five cent coins over the Federal Square during an event organised by the Committee for the initiative "CHF 2,500 monthly for everyone" (Grundeinkommen) in Bern October 4, 2013.  (REUTERS/Denis Balibouse)

Switzerland to vote on $2,800 monthly ‘basic income’ for adults

October 5, 2013

More than 100,000 residents in Switzerland have signed a petition demanding that the government ensure a minimum monthly income of $2,800 (2,500 Swiss francs) for all adults in the country.

MSN reports that in a public display of support, advocates tipped over a truck full of 8 million five-cent coins in front of the Swiss capital on Friday, one coin for each of the country’s citizens.

A formal date has yet to be set for the vote but it could come as early as this year, pending guidance from Swiss government. (Yahoo News)