In reading the recent piece by Daniel Zamora at Jacobin and some of the reactions to it, I’ve been struck by how limited the conversation about universal basic income (UBI) is. For the uninitiated, UBI is fairly straightforward–instead of having social programs like welfare or food stamps which people qualify for on the the grounds that they fall below some income threshold, UBI gives everyone a set minimum income. UBI has fans and detractors across the political spectrum because depending on how it’s constructed it could be made to do very different things. Some on the right want to use it to reform welfare and some of the left want to use it to make work optional. Some in both camps want to use it to help workers displaced by automation or outsourcing. The key problem with the conversation is that it tends to be based around whether we could or should implement UBI now, or very soon. This misunderstands what makes UBI interesting. Properly understood, UBI is not about today. It’s about capitalism’s endgame–what the world looks like when capitalism truly exhausts itself.