Switzerland has become the first country in the world to hold a nationwide vote on introducing an unconditional basic income. SwissInfo reports that despite a spectacular pro-basic income campaign, there was no hope of it winning a majority.
Official final results show the proposal winning just 23.1% of the vote and all the country's 26 cantons coming out against.
There is nothing wrong with helping those truly down on their luck, but this should be done by private charity, not via government coercion backed up by the barrel of a gun.
It is an insult to the generous people of top tier nations to think that they must be coerced into providing charity.
(ht Felix Bronstein)