%T The universal basic income: should it replace the existing social security system? %A Robert Stephens %D 2019 %J Policy Quarterly %K Welfare recipients, %K Poverty, %K Social security, %K Unemployment, %K Universal Basic Income, %K Welfare state %N 1 %R 10.26686/pq.v15i1.5293 %U https://apo.org.au/node/231046 %V 15 %X This article argues that while the current NZ tax/benefit system represents a ‘welfare mess’, and needs substantial restructuring, a UBI does not necessarily provide an adequate income for poverty relief, nor ensure labour force incentives, at an acceptable fiscal cost. %9 Journal article