Potential kingmaker in New Zealand’s next government wants universal income, tax overhaul
New Zealand's Opportunity party, which could hold the balance of power after the upcoming election, is proposing a universal basic income funded by a new land tax. Party leader Qiulae Wong, a 38-year-old former sustainable business consultant, announced the policy on Thursday. Wong claims the tax would curb rising house prices and make New Zealanders better off, despite a potential 10-15% drop in home values.
The party's flagship policies also include simplifying the income tax system and capping political donations. Wong says the party is realistic about the challenges of implementing the tax reform in a coalition government but plans to push for a role in the finance ministry or tax collection oversight.
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