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Conclusion and Outlook

In: A Feasible Basic Income Scheme for Germany

Author

Listed:
  • Maximilian Sommer

    (Catholic University Eichstaett-Ingolstadt)

Abstract

The presented work discussed and analyzed a new contribution to the on-going debate about reforming the social security system in Germany. The reform proposal focused on the idea of implementing a guaranteed basic income by introducing a negative income tax for Germany. This indicates a major shift from the existing means-tested benefit scheme. The approach merged the two formerly separated spheres of income taxation and social security into a single integrated tax-and-transfer scheme. Thereby, the construction of the NIT-scheme followed different objectives than van Parijs’ original idea of an UBI. Instead of just providing the highest feasible basic income, it was tried to increase work incentives (i.e. to lower the transfer reduction rate) and at the same time to secure at least the socio-cultural subsistence level of all members of society, all substitute to the financial feasibility of the scheme. In addition, the values of the necessary parameters were selected in accordance with official laws and regulations in Germany. Hence, the proposal does not remain a hypothetical construct but can be considered as an additional contribution to the current political and scientific debate in Germany.

Suggested Citation

  • Maximilian Sommer, 2016. "Conclusion and Outlook," Contributions to Economics, in: A Feasible Basic Income Scheme for Germany, edition 1, chapter 0, pages 175-177, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-24064-0_7
    DOI: 10.1007/978-3-319-24064-0_7
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