Community Money COMMON. The Alternative to Universal Basic Income

Carsten Herrmann-Pillath and Stephan Bannas

Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, 2021, vol. 22, issue 2, 332-348

Abstract: The paper outlines the institutional innovation of ›Community Money‹ COMMON, a securitized claim on a monthly income transfer that can also be used as a tax allowance in an up to 100 percent inheritance tax. It can be accumulated on a special citizens’ account and is a substitute for all other kinds of public income transfers such as pensions and unemployment benefits. COMMON can also be voluntarily earned in community work. COMMON liberates citizens from the compulsory participation in the capitalist market economy.

Date: 2021
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DOI: 10.5771/1439-880X-2021-2-332

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Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics is currently edited by Prof. Dr. Thomas Beschorner (St.Gallen, Schweiz), Dr. Markus Breuer (Berlin), Prof. Dr. Dr. Alexander Brink (Bayreuth und Witten/Herdecke), Dr. Bettina Hollstein (Erfurt), Dr. Marc C. Huebscher (Hamburg) and Dr. Olaf J. Schumann (Frankfurt a.M.)

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