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The basic income

Bildunterschrift

Two main directions can be found among the various concepts of basic income – an economic liberal approach and a humanistic emancipatory approach. The economic liberal approach aims to largely replace existing social security systems with an unconditional or universal basic income. Social bureaucracy and regulations of the labour market would be dismantled, unemployment benefits, income support, child benefits and pensions would be paid at a flat rate per month. 600 euros monthly is the amount often mentioned as a benchmark. The humanistic emancipatory approach, on the other hand, aims at a financially secure life for all that allows people to develop and evolve individually. This basic income would be correspondingly generous and supplement existing social security systems. The proposals here range from 1000 to 1500 euros per month. Within both models, people are allowed to earn extra money.