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Volume 52, March/April 2017, Number 2 · pp. 83-87

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Universal Basic Income – Empty Dreams of Paradise

Hilmar Schneider

One of the most essential arguments made by proponents of a universal basic income (UBI) is that it will ensure dignity and self-determination. More time could be spent on social engagement if less time had to be spent on securing one’s own livelihood. In short, a UBI would not only make us richer, but also happier. To envision this, we first have to stop asking ourselves how this could be financed. We also have to assume that there will be no adjustment reactions – price responses, tax evasion or mass immigration – that could shatter this dream.

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