Unconditional basic income cannot be financed

(GermanPolicy.com) – According to the Scientific Advisory Board at the Federal Ministry of Finance, an unconditional basic income would not be financially feasible. If all German citizens were to receive funds at the subsistence level, the monthly basic income would have to be 1,208 Euros per adult and 684 Euros per child. This means a financing requirement of around 900 billion Euros per year. What is more, 70 percent of household income in Germany would be redistributed in this way. With a partial introduction, the income tax would have to rise significantly – by at least twelve percent. The Greens have written the basic income in their program. Parts of the SPD and the Left Party are also in favor.

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