On Sunday, Swiss voters rejected a proposed inheritance tax targeting multimillionaires, with over 78% voting against it. The initiative, put forth by the Young Socialists, sought to impose a 50% tax on inheritances exceeding 50 million Swiss francs, intending to use the revenue for climate change initiatives and economic restructuring. In a separate vote, a proposal for mandatory civic service for all young citizens was also rejected, with 84.2% opposing it. The Swiss government and parliament had voiced concerns about the economic implications of both proposals, arguing they could impose significant costs. Switzerland's system of national referendums allows citizens to directly influence policymaking, with four votes held each year.