Tag Archives: Wealth

One of the World’s Richest Countries Is Voting on Whether to Give All Its Citizens $2,500 Per Month

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Next month, the world could get its first national basic income, but the likelihood of it passing remains a long shot.

The Swiss will vote on June 5 whether to institute an unconditional basic income that will take the place of some welfare benefits. The concept of basic income is a hot topic nowadays as the world considers a future with less work, but Switzerland will be the first country to actually vote on it.

Proponents of the stipend say that it will give all Swiss a decent living and allow them to “participate in public life.” The text of the referendum doesn’t specify how much each citizen will receive, but advocates have suggested 2,500 francs or $2,500 for adults and 625 francs for kids per month.

Opponents of measure–including the Swiss government-argue that an automatic income is a disincentive to work and will increase taxes. The government also says the stipend could hamper the Swiss economy by causing a shortage in skilled workers, prompting businesses to relocate abroad. Plus, the suggested $2,500 per month stipend adds up to an annual sum that’s just barely above the national poverty line, according to Bloomberg. Those arguments seem to have resonated with voters. A poll conducted in April showed that just 24% of voters supported it; 4% remained undecided.

But even if the Swiss reject the measure, the idea of basic income is likely to remain a timely talking point, as world leaders grapple with wealth inequality and concerns that machines could someday displace a vast share of workers.

Lausanne, Switzerland made the news last month when its city council narrowly passed a motion calling for a city-wide basic income trial program. Other governments–namely those of Ontario in Canada, Finland, and the Netherlands–have also toyed with the idea of giving their citizens free money to cover basic needs. And some players in Silicon Valley are also infatuated. Y Combinator president Sam Altman said in January that the startup incubator wanted to fund a study of the idea.

At least one basic income acolyte says Switzerland is an ideal testing ground for the concept given its wealth. (It’s typically ranked among nations with the highest per capita GDP.) Former Greek Finance Minister Yanis Varoufakis told Bloomberg that, “A rich country like Switzerland has the great opportunity to try out this great experiment.”

(originally seen on The Fortune)

What do you think about this?

Do you think Swizzerland should vote Yes or No?

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5 THINGS SUCCESSFUL PEOPLE DO

We all desire to be successful whether these are goals for business, home, family, or self-improvement or acquiring name and fame. Successful people are typically too busy innovating to write down much of anything. And on those rare occasions when they attempt to create a book, it’s filled with what they did, and not what led to their idea in the first place. While there are many things that seem to differentiate those who are successful from those who aren’t, I’ve noticed some simple things that successful people do here are five things that successful people are more willing to do:

They Focus on Their Goals Daily
Successful people are always focused on success. For instance, the first I do every morning is written down my goals—I’ve been doing this for years. It’s my experience that if I can stay focused on what I want, I will get it no matter how absurd the goal. Make the things you want and haven’t yet accomplished so real in your mind that they become real in your world.

They Are Willing to Fail:
The old saying, “no risk, no reward” really applies to those who are successful. These people go for it almost with a willingness to fail. Of course, they aren’t interested in failing, but they know that if they don’t put themselves in a position to fail, they’ll never create the ability to win. At some point in life, you’ll have to go for it or you’ll live the rest of your life regretting not doing so.

Don’t Set Out to Be Rich:
The best entrepreneurs don’t have making a fortune as their goal, as they start off. If you don’t understand what the market wants, you are making your life far harder than it has to be. So instead of seeking riches, the best entrepreneurs decide that they are going to follow their dreams or passion that the byproduct is monetary gain.

They Visualize Success:
Whatever the short or long term goal may be, highly successful people always visualize their success even before achieving it. They keep reminding themselves what exactly they need to achieve. A quote that I like to live by is “Thoughts become reality” simply put speaking your goals and dreams into existence.

They Never Make Excuses:
Regardless of how many excuses that can be made, successful people know that it will not change the outcome. Even justified excuses will not make a project or person successful. When things go wrong, the successful person sees it as an opportunity, not an insurmountable hurdle. Most unsuccessful people spend a lot of energy and time making excuses that hinder their success.

Read more by Jay Colby here!