If you had a guaranteed income provided by the state would you work?

Awhile back, I posted on how in Ireland, Fianna Fáil’s if it got its way, would “promise to provide every citizen of the country – from the richest to the poorest – a minimum welfare income in excess of current basic welfare rates which average €188 per week”. Will Japan begin serious discussions on providing every citizen a guaranteed income like Fianna Fáil in Ireland? Studies in Japan have been carried out which looked into the economic advantages and disadvantages of a guaranteed income. On the one hand, it would eliminate Japan’s dysfunctional social welfare state in many areas I think, and if after 40 years of a guaranteed income you have not been able to use that money wisely to provide for your income after retirement, that would be your own responsibility. Who can forget that move on the part of the Japanese government to give every citizen in Japan a paltry ¥10,000 a couple of years ago? And as it stands now, what is known as the Kodomo Teate Law, every child born in Japan is entitled to receive ¥13,000 per month for expenses I think until the child is fifteen.  It seems to me the central banking model causes enormous imbalances in productivity and incomes which forces governments to look at options such as a guaranteed income. The Swiss are now getting ready to vote in June, 2016 on whether or not every citizen of Switzerland will be able to receive a guaranteed income.

Source RT News

Swiss garuanteed incomeNo free lunch? Swiss tempted by vote granting $2,400 monthly stipend to adults

February 1, 2016

Forget about paltry social benefits like food stamps, housing subsidies, or Obamacare: in Switzerland, every adult citizen could soon be enjoying a guaranteed monthly allowance of 2,500 Swiss francs (more than $2,400) – provided they vote to approve it in June.

One might wonder how any reasonable person could miss an opportunity to vote themselves a free monthly paycheck for no work – but the Swiss actually appear to be quite skeptical about the idea.

Perhaps they are aware of the famous quote by Benjamin Franklin, one of America’s founding fathers whose face adorns the $100 bill, who said: “When the people find that they can vote themselves money that will herald the end of the republic.”

Committee members use brooms and shovels to spread out five cent coins over the Federal Square during an event organised by the Committee for the initiative Swiss to vote on sweet minimum monthly income: $2,800

Introduced by a group of intellectuals, the plan to provide Swiss citizens with an unconditional monthly income hasn’t received much support from either left- or right-wing politicians.

However, as the petition had gathered enough signatures, the Swiss government has now scheduled a national referendum on the issue for June 5, making Switzerland the first country in the world to vote on a guaranteed financial stipend for every citizen.

The chief concern is both the employed and unemployed would be entitled to receive the proposed payment. Every child would also be getting 625 Swiss francs (about $610) monthly “for free.” The Swiss, who are reputedly a very pragmatic people, are thus posed with the question: “would anyone want to work?

The stipend’s backers, led by a group of Swiss intellectuals, artists and writers, say the plan is aimed at breaking the connection between employment and income and refute concerns that people will cease looking for jobs or quit working. Some surveys have painted a fairly bright picture. A public poll cited by The Local showed that only two percent of respondents would consider quitting their job, depending on circumstances.

“The argument of opponents that a guaranteed income would reduce the incentive of people to work is by this largely contradicted,” the initiative’s committee said in a statement, citing the survey.

However, more than 50 percent of respondents added they believe the initiative has no chance of being approved.

Should it pass, the initiative could cost Switzerland nearly $208 billion a year. More than half of that sum would be raised from taxes, while the rest would be supplied by the Swiss social insurance system.