Keith Rankin’s Chart of the Month – Budget 2017: New Zealand’s ‘Universal’ Basic Income up to $195 per week. Increase in unconditional Public Equity Benefit. Chart by Keith Rankin. The big unnoticed story of last Thursday’s Budget is the increase in New Zealand’s quasi Universal Basic Income (UBI), from just under $175 per week ($9,080 per year) to precisely $195 (annual $10,140).
It’s actually particularly pertinent that Stephen Joyce acknowledged, by including these ‘tax cuts’ in his ‘family assistance package’, that ‘raising the tax thresholds’ represents in fact a form of benefit increase. I call the unconditional benefit that is […]
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