"The current welfare system lacks dignity. It’s time to boost incomes for all with a Universal Basic Income."
Overhaul the tax and welfare system and introduce a Universal Basic Income (UBI).
TOP's UBI and tax reform is fully costed and will save millions in bureaucracy.
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.
- Recognising and rewarding critical work such as childcare and voluntary work.
- Enabling people to train or retrain.
- Giving low paid workers the pay rise they deserve, without forcing businesses to foot the bill.
- Provide $16,500 tax-free annual income to everyone.
- Provide $2,340 tax-free annual child UBI (paid to parents).
- Simplify income tax with a 35% tax on all income sources (including companies and trusts).
- Create a highly progressive tax system.
Updated Tax Calculator coming soon