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What has Sovereign Money got to do with an Unconditional Basic Income?

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logo Vollgeld

 

As you are no doubt aware, we will be voting on 10 June 2018 on the Sovereign Money Initiative "Money safe from finance crises: Only the Swiss National Bank can create money" (known as the “Vollgeld Initiative” in German and “l’Initiative Monnaie Pleine” in French). Here we present this initiative and how it links to the UBI.

Whether or not you campaigned for an Unconditional Basic Income (UBI), you've probably heard this question repeatedly: how do you pay for the UBI? There are no shortages of solutions! Here we explore how a Sovereign Money system could contribute achieve this. Before that, we explain how the current monetary system works and how a sovereign money system differs​. [+]

UBI vote: one person in four says “yes”

The initiative for an unconditional basic income obtained 23% “yes” votes in Switzerland as a whole, 19.5% in German Switzerland, 28.3% in French Switzerland and 21.9% in Italian Switzerland. This is a very respectable result for something that just a short time ago was completely unknown, was backed by practically no political forces, and was proposing a fundamental paradigm shift.

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Large cities returned quite impressive “yes” scores. A number of places even achieved majorities for UBI, such as four central districts in Geneva (Pâquis 54.6%, Mail-Jonction 52.9%, Cluse-Roseraie 51.1% and Prairie-Délices 50.8%), two in Zurich (districts 4 et 5, 54.7%) and the village of Sarzens in Vaud (51.4%). [+]

Guinness Record - the world's biggest poster

Poster's aerial view

"What would you do if your income were taken care of?" The Unconditional Basic Income raises what might now well be called the world's biggest question. It's been in fact written on a 110x72 meters poster, installed on Plaine de Plainpalais on 14th may in Geneva by the Swiss network for UBI. That day the poster officially won a Guinness Book award of the world's biggest poster. The event got live covered for half an hour on a big screen on New York's Time Square! [+]

UBI poll : 64% of Europeans would vote in favor, 4% would stop working

Most Europeans support the idea of a “basic income” paid to every individual to cover their basic needs, according to the first EU-wide survey on the subject. Governments would pay the same amount of money to each person, regardless of whether they work.

The poll, conducted by German company Dalia Research in April, was the first EU-wide survey to address the proposal of a basic income, defined in the poll as “an income unconditionally paid by the government to every individual regardless of whether they work and irrespective of any other sources of income”.

poll graphic

The preliminary results found that about 58 percent of respondents were aware of the idea of a basic income, and 64 percent would vote in favor of the policy in a referendum. [+]

Robert Reich: It will not work without the Basic Income

Why the US economist and former Labor Secretary Robert Reich is in favor of the Swiss initiative and what that has to do with robots.?

Robert Reich
dvancement opportunities have been halved – Robert Reich (16 january 2014).

Interview with Robert Reich by Michael Soukup

You are a prominent advocate of basic income, on which Switzerland votes in June. Why?

Sooner or later we cannot do without Basic Income, we just won’t have another choice. The technological progress kills more and more jobs. The British economist John Maynard Keynes said in 1928, in 2028 nobody has to work anymore to ensure his living thanks to the technical progress.

Are we not working more than ever? [+]

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