Swiss people reject helicopter money over fears it would destroy country with mass immigration

by Kenneth Schortgen, Rogue Money

On June 4, the first attempt by the Keynesian engineers to obliterate he concept of actually earning a living by providing free lifetime basic income was rejected by voters in the nation of Switzerland. In fact, the referendum failed to pass by a whopping 78% from the Swiss voters, with the fears of a loss of industrial initiative, along with a sudden mass immigration by outsiders, occurring to take advantage of the ‘helicopter money’ scheme.

“Luzi Stamm, who’s a member of parliament for the right-wing Swiss People’s Party, opposes the idea. “Theoretically, if Switzerland were an island, the answer is yes. But with open borders, it’s a total impossibility, especially for Switzerland, with a high living standard,” he says.

Sign up for The Daily Coin Newsletter Here! ”If you would offer every individual a Swiss amount of money, you would have billions of people who would try to move into Switzerland.” Because, one you start handing out free lunches, everyone wants a piece of the pie… Andreas Ladner, a political scientist at Lausanne University, told RTS the Swiss were “realistic” in their assessment of the UBI plan. Accepting that people can “be paid without having to work would have been a very big step” for the industrious Swiss, he said. Critics have slammed the initiative as “a Marxist dream”, warning of sky-high costs and people quitting their jobs in droves, causing economic chaos. The wording on the initiative was vague, asking for a constitutional change to “guarantee the introduction of an unconditional basic income” but with no mention of amounts. Switzerland may be the first but it won’t be the last. The idea is also under consideration elsewhere. In Finland, the government is considering a trial to give basic income to about 8,000 people from low-income groups. And in the Dutch city of Utrecht is also developing a pilot project which will begin in January 2017.

— Zerohedge
The ideas of a basic income and free money for life is in reality the result of central banks taking credit expansion way too far over the past 30 years.  This is because nearly all societies now are forced to rely upon continuous new credit to stave off deflation, boost consumer spending, which in most instances is the core of their GDP growth, and avoid default for maturing debt they already have on their books.
Perhaps one of the biggest reasons why the Swiss people summarily rejected the referendum en masse is because their cultural heritage, which is reflected in a society of industriousness, separation, and neutrality.  And this can be seen by the fact that they chose never to fully join the European Union, and in addition unpegged the Franc from the Euro currency just last year. It will be interesting to see if other nations and peoples choose to accept their own ideas of a lifetime basic income scheme, because if so they could quickly see the destruction of their nations and cultures. And just as the allowance of open welfare being provided to foreigners has helped speed up the growing insolvencies taking place in both the EU and the United States, schemes such as free and guaranteed basic incomes will only accelerate default rather than strive to stimulate an economy.   But either way, the current state of the world’s debt problems within the global financial system will force many central banks to have to impose free money on groups of citizens simply by the fact that it will always take new credit to support the world’s fiat and debt based monetary systems.

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