Now unemployment and the scarcity in basic needs it creates makes people xenofobic and act criminally. Its not the lack of commands in a centralized working place, but the unsecurity of are we able to house and feed our families tomorrow. Basic income wipes out most of those fears.

Varoufakis is talking about a universal basic income. Who are excactly the immigrants outside the universe..?

You also describe the worst possible Swiss basic income regressive taxation model that has ever been invented as the only option for a basic income. Its not. The basic income administration can just as well work in a progressive income taxation system.

If we want to get rid of the central bank sort of administration unit, universal basic income can be the source where money is originated. Created in an automated and predictable frequency having similar elements as the idea of helicopter money (central bank creates the currency equally to citizens’ accounts).

I am glad you are worried and think about this, but the model you describe is definitely not the only basic income model available.

A Basic Income will lead to xenophobia & nationalism? You need to get out more. We have these issues already and they are rising, mostly because people believe immigration is taking their jobs – which is only true in those instances were employers won’t train people and save costs by employing people who already have been trained – from wherever they are. Or – put another way – employers are employing the best person for the job by looking further afield. If people in a locale are not capable of finding work because they don’t have the skills, whose fault is that? The person least responsible would surely be the successful applicant.

Otherwise, it is a nonsense being peddled by the far right because the number of proper paid jobs available are falling – and they are taking advantage by blaming immigration in order to gain power, when the real culprit is technology – and that culprit is about to make things a whole lot worse in terms of available jobs.

The next culprit however is government.

Governments won’t openly admit that there are not enough jobs because they will get blamed and crucified by their political opponents as incompetent and responsible for the situation – so it is a political no-no for any party in power, until such time as it becomes obvious that this is true. In the meantime, the truth is hidden within official statistics, that only regard so many as unemployed, when there are many more classed e.g. as “economically inactive”.

When people start to see that there are not enough jobs and that technology is the reason, they will also start to realise that the fascists and xenophobes have been lying to them.

Acknowledge that technology will mean large-scale unemployment and give people the means to survive and to not base their lives and their problems on the lack of non-paid work, and there will be no genuine argument for xenophobia and nationalism, except for those bigots who would make the argument regardless.