Green Party

(2027 South Korean Presidential Election)

(Draft Bill)

South Korea to join the EU

Democratic United Korea with South Korean law

€3500 monthly Universal Basic Income per citizen under a €35,000 yearly income

Universal Basic Income is based on the previous or projected 12 months

Universal Basic Income for under age 16 is paid to legal guardians

Universal Basic Income is non-refundable and non-taxable

€25 an hour minimum wage (including gig work)

Open border immigration is legalized

Naturalization fees are abolished

20% consolidated flat tax over €12,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over €12,000 a year

Sole trader registration over €12,000 a year

Recreational drugs are decriminalized

Estimated Revenue: €1 trillion a year (€100 billion surplus a year)