"Jobs and incomes are increasingly insecure. Too many people are trapped in precarious work and a lack of consistent income. The welfare system lacks dignity. It’s time to boost incomes for all with a Universal Basic Income."
TOP's vision
Overhaul the tax and welfare system and introduce a Universal Basic Income (UBI).
TOP believes in people and understands that the UBI will give back power and dignity to people by:
- Recognising the precarious nature of modern work.
- Removing the welfare trap, because people won't lose their UBI when their earnings increase or they have a relationship.
- Recognises and rewards critical work such as childcare and voluntary work.
- Enable people to train or retrain.
- Gives low paid workers the pay rise they deserve, without forcing businesses to foot the bill.
TOP will
- $13,000 tax-free annual Universal Basic Income (UBI) to everyone.
- $2,080 tax-free annual child UBI (paid to parents).
- Simplify income tax with a 33% flat tax on all income from all sources for all entities.
- A UBI and flat tax will reduce the tax burden on those who need it most.
TOP's quick bits on the UBI
TOP's UBI is fully costed and would deliver a modern and fair taxation system, whilst saving millions in bureaucracy.
A UBI replaces all benefits of a lesser value. If your current transfer was larger than the UBI (e.g. NZ Super), you will be paid the UBI plus a top-up to the same amount as the original transfer.
Take action
Updated Tax Calculator coming soon