7. What about the UBI (Unconditional Basic Income – giving all citizens a regular modest payment, no strings attached)?
Our work there suggests that once we have closed the loopholes in the tax system then we have the ability to start to phase in a modest UBI, and reduce our reliance on targeted welfare benefits which are dehumanising and evidence tells us, makes poverty worse.
But we must plug the major loopholes in our tax regime first. As you can see, this policy needs to be phased in over time, and the same will be needed for the UBI.
As part of this package we will ask the Government of the day to have a holistic review of the tax and welfare system to develop possible pathways to implement the UBI. I am a huge fan of a UBI because it acknowledges the contribution to society from the 1 million people who work but don’t get paid. Without those folk caring for children, the elderly and our communities our society would collapse. The UBI is modest recognition of their existence.