UNIVERSAL BASIC INCOME
"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
For more details on TOP's Universal Basic Income, click the policy tile below.
For more details on TOP's policy priorities, click the policy tiles below.
