How Hillary Can Join the Revolution
By Bruce Ackerman and Anne Alstott
at
http://www.huffingtonpost.com/ bruce-ackerman/how-hillary- can-join-the-revolution_b_ 10336038.html
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By a margin of 77 to 23 percent, Swiss voters rejected a referendum on Sunday
that aimed for nothing less than an economic revolution. In advancing
their “basic income” initiative, advocates proposed to send a monthly
check of $2500 to every adult resident of the country (plus an extra
$625 for each child). Once assured a decent minimum, residents would be
free to decide how to divide their time between
money-making and the other good things of life. The proposal had
obvious attractions in a time of widespread economic anxieties.
Nevertheless, the voters rejected the case for a “basic income” as
utopian — once they learned that its budgetary cost amounted
to 35 percent of the country’s GDP.
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