Swiss to vote on basic income benefit

[SunsetBengal]

(05-06-2016, 09:32 AM)Belsnickel Wrote: Actually, Switzerland's taxes aren't all that high. Switzerland doesn't engage in Nordic Socialism and not being part of the EU it gets to keep out of that. There are a lot of unique things that allow Switzerland to do this.

When I looked up their taxation rate, it begins at 31%, and tops out at 56%.  Seems kind of high to me.  This proposal would dramatically reduce tax revenue generated, by making the first $2600/mo., for an adult tax free income.  I wonder how long it would take the Swiss government to go from balanced/surplus budget, to fall into a deficit?