Volume 52, March/April 2017, Number 2 · pp. 80-83
Universal Basic Income Financing and Income Distribution – The Questions Left Unanswered by Proponents
Recently, more and more voices have spoken up in favour of the introduction of a Universal Basic Income (UBI). In Germany the CEO of Deutsche Telekom came out in support of the idea, and Yanis Varoufakis is touring Europe propagating a UBI. The argument for a UBI is that the current technological evolution is destroying so many jobs that there is no longer any other choice but to decouple income from work. This argument is absurd for many reasons, but mainly because productivity nowadays is rising much more slowly than it was several decades ago.
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