Via BBC:
Projections from a referendum in Switzerland suggest voters have rejected a plan to introduce a guaranteed basic income for all.
Some 78% of voters opposed the plan, a GFS projection for Swiss TV suggested.
The proposal had called for adults to be paid an unconditional monthly income, whether they worked or not.
Supporters said since work was increasingly automated, fewer jobs were available for workers. Switzerland is the first country to hold such a vote.
No figure for the basic income had been set, but those behind the proposal suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and SFr625 for each child, reflecting the high cost of living in Switzerland. It is not clear how it would affect people on higher salaries.
HT: Zero Hedge