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- Comms & Events
Let the people decide which UBI model is our policy.
A fiscally neutral costing of a UBI of $300 has shown that flat income tax increases of 18% results in 91% of people being better off by a net of $8266 each. While 93.6% of people are better off by a net of $8259 if the top tax rate is increased to 63%. While a GST increase of 14.6% funding a UBI of $350 results in 95.7% better off by a net of $12217 each. Finally a tax free earning for the first $100,000 and a $400 UBI would require a GST increase of 31.1% resulting in 99% of people being better off by $19605 each. This is assuming a 90% spend of the UBI. Can we get these numbers checked by economists? Put all UBI schemes onto an interactive internet site so people can see what it means to them and vote?
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