Do you think that the HNWIs will be stupid enough to pay 100% tax? They'll just pack up their bags and move to low-tax countries such as Russia and UAE. Just take a look at what happened in France.

And one more thing. The total taxable revenue for the entire Switzerland is around $300 billion, of which some $120 b is already being collected as tax.

In order to give everyone $2.8K per month:

1. A total of $188 b worth additional taxes should be collected. So the net tax becomes $308 billion, which is almost 103% of the total revenue.

2. Every citizen in Switzerland will pay a 103% tax, all the corporations will pay 103% tax... and even the real estate dealings will be taxed by 103%.

Imagine a situation where someone getting $30 or $40 million in annual salary has to pay all of that in tax, and have to live off the $2.8K you are offering.