For years it’s long been regarded as one of Europe’s richest countries.
As Europe continues to struggle with financial turbulence and unemployment, activists in Switzerland have decided to take a stand and demand a basic income to each citizen on a monthly basis.
Activists piled 8 Mio five-centime pieces, one representing each citizen in Switzerland, in the safe room of the ‘Basler Volksbank’ bank building, in Basel, Switzerland.
Then the team from ‘Generation Basic Income Initiative’ dumped the 15 tons of money in front of the parliament building in Bern, the capital of Switzerland.
The initiative aims to have a minimum monthly disposal household income of CHF 2,500 (US$ 2,700) given by the government to every citizen living in Switzerland.
The organisation presented 130,000 signatures to Parliament urging them to pass a law guaranteeing a basic income of CHF 2,500 for all Swiss nationals.
The Swiss Parliament must address or hold a referendum over any issue which has gathered more than 100,000 signatures.
According to Schmidt the Swiss government is angry ‘because now they have to look into this initiative’.
According to The Richest, Switzerland does not have a minimum wage written into law.
