A new Swiss initiative proposes that each citizen receive 7500 Swiss Francs, the equivalent of $11724(AUD).

As per Switzerland’s direct democracy rules, If the initiative can receive 100,000 signatures, the Swiss electorate will put it to a vote.

If successful, the scheme will be financed by Switzerland’s national bank, from which each and every Swiss citizen will receive payment - including children.

The creatively named ‘Helicopter Money Initiative’ is designed to benefit the country by bolstering the economy:

“Exports, interest rates, inflation and investment would rise”

Such benefits will not come cheap however, with an expected price-tag of approximately 45 Billion Swiss Francs.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store