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Tuesday, June 7, 2016

How Hillary Can Join the Revolution

How Hillary Can Join the Revolution


By Bruce Ackerman and Anne Alstott



·         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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