Our Team Auckland Central | Tuariki Delamere Banks Peninsula | Ben Atkinson Bay of Plenty | Chris Jenkins Coromandel | Rob Hunter Dunedin | Ben Peters Epsom | Adriana Christie Hamilton East | Naomi Pocock Hamilton West | Hayden Cargo Hutt South | Ben Wylie-van Eerd Mount Albert | Cameron Lord Nelson | Mathew Pottinger New Plymouth | Dan Thurston-Crow North Shore | Shai Navot Northland | Helen Jeremiah Ōhāriu | Jessica Hammond Rongotai | Geoff Simmons Southland | Joel Rowlands Tauranga | Andrew Caie Te Atatū | Brendon Monk Wellington Central | Abe Gray Whangārei | Ciara Swords
- News & Events
13. How much does all this cost?
There is no cost – it is a transfer of taxpayer-provided funding from one group to another. Breaking it down, the whole package of first steps to a UBI will cost around $3-3½ bn pa and that will all come from the means testing of NZS – it’s about ¼ of the cost of NZS currently. Evidence suggests this investment would give society a return on investment $2b more than it costs each and every year, thanks to the improved outcomes of these children.
By changing the indexation of NZ Super to the rate of inflation faced by retired people rather than wages, the headroom for other forms of UBI will grow.
Was this helpful?