Bloomberg Businessweek has just published my piece an attempt to introduce a minimum basic income in Switzerland.
Marilola Wili braces her foot against the wall to pull open a vault door inside a former bank building in downtown Basel. In the darkness inside, 15 tons of coins glint like dragon treasure. “It’s something everybody’s dreamed about, swimming in money,” says Wili, a waitress and musician as well as a member of Generation Basic Income. That’s an activist group trying to persuade voters to amend Switzerland’s constitution to guarantee every citizen a yearly income of 30,000 Swiss francs ($33,000)—whether they work or not.
The vault is part publicity stunt, part fundraising effort. Switzerland’s system of direct democracy offers anybody who can gather at least 100,000 signatures the chance to put a ballot initiative before the country’s voters. Wili and her comrades celebrated reaching that milestone in October by dumping 8 million coins, one for every Swiss resident, in front of the Parliament building in Bern. Wili’s chief occupation these days is to find a buyer for the five-centime coins along with the vault in which they’re displayed, as a sort of art installation. Proceeds will fund a campaign to persuade voters to approve their initiative in a referendum that will be held in two or three years.
Read the rest.