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UNIVERSAL BASIC INCOME
Our tax and welfare system is complex and holds Kiwis back. Jobs are becoming increasingly insecure. TOP will overhaul the tax and welfare system and introduce a Universal Basic Income (UBI):
- $250 a week for all adults, $40 for children. No conditions.
- With a UBI and flat tax of 33%, you’ll effectively pay no tax until you earn over $39,000.
A UBI has been trialled overseas, and it works. A UBI removes the welfare trap and rewards all work. It enables people to train or retrain and gives low paid workers the pay rise they deserve, without forcing businesses to foot the bill. TOP's UBI is fully costed and would deliver a modern and fair taxation system, whilst saving millions in bureaucracy.
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