SWITZERLAND: Bank Vault with 8,000,000 Swiss 5-cent coins goes on sale to benefit Generation Basic Income

A Bank vault with several hundred thousands dollars worth of coins inside is on sale (at a negotiable price) to benefit Generation Basic Income. The organization used the coins in a demonstration last October when it delivered signatures on a petition calling for a referendum on basic income in Switzerland. The group hopes that the sale of the contents will raise money for the campaign for basic income in Switzerland and around the world.

Two stories on the bank vault for sale are online:

The Daily Mail, “A safe investment! Swiss bank vault goes on sale… complete with EIGHT MILLION coins worth £270,000,” The Daily Mail, 29 November 2013.

RT Network, “8,000,000 coins for sale: Auction call for genuine Swiss bank vault,” RT Network, November 29, 2013.

Committee members for the initiative "CHF 2,500 monthly for everyone" (Grundeinkommen) open rolls of five cent coins in the old vault of the former Schweizerische Volksbank in Basel October 1, 2013.(Reuters / Ruben Sprich)

Committee members for the initiative “CHF 2,500 monthly for everyone” (Grundeinkommen) open rolls of five cent coins in the old vault of the former Schweizerische Volksbank in Basel October 1, 2013.(Reuters / Ruben Sprich)

GENEVA, Switzerland: Piloting Basic Income in India: A Transformative Policy?

In what may be a unique social experiment, three pilot basic income schemes were conducted in India between 2010 and 2013, in which over 6,000 men, women and children received universal, equal and completely unconditional monthly cash payments. At this talk, Guy Standing reports on the main outcomes, looking at the effects on sanitation, nutrition, health, schooling, economic activity, women’s status, specific vulnerable groups, and social attitudes more broadly.

United Nations Research Institute for Social Development

United Nations Research Institute for Social Development

The results are based on data generated by a multi-round evaluation and a modified randomized control trial methodology, in which those receiving the basic incomes were compared with others not receiving them. A second parameter for comparison was the presence or absence of a collective body, or “Voice organization”, representing the interests of the vulnerable in the villages studied.

Speaker: Guy Standing, a British economist, is Professor of Development at the School of Oriental and African Studies, University of London. He is former Director of the Socio-Economic Security Programme of the International Labour Organisation.

Discussant: Sarah Cook, Director, UNRISD

Moderator: Blandine Blukacz-Louisfert, Officer-in-charge, UNOG Library

Location: UNOG Library Events Room (B-135)

Palais des Nations, Door 20, Geneva, Switzerland

More information: https://www.unrisd.org/80256B3C005BD6AB/search/496EBAAB72BE745FC1257C1D003A01D7?OpenDocument