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By Sheldon A. Pemberton,

Financial Advisor and Performance Coach

By Sheldon A. Pemberton

Financial Advisor and Performance Coach

In the face of economic uncertainty, the concept of a Basic Income—a regular, guaranteed financial payment to all citizens—could be a game-changer for St. Kitts and Nevis. Here’s how I believe it could benefit our people: 1. Boost Economic Growth: By putting more money into people’s pockets, consumer spending would rise, supporting local businesses and creating jobs. 2. Support Small Businesses: Entrepreneurs could take more risks and invest in new ventures, knowing they have a safety net. 3. Reduce Poverty: Basic Income would ensure that everyone, especially the most vulnerable, has access to basic needs like food, housing, and healthcare. 4. Strengthen Communities: Families could afford better education and healthcare, while young people could pursue training or start businesses. 5. Economic Stability: The program could act as a cushion against global economic shocks, making the country more resilient.However, there are challenges, including funding and managing potential inflation. Possible solutions could include reallocating government resources or using revenues from the Citizenship by Investment *(CBI) program. *(Projection: US$2.08 Billion Reserve Fund had the SKN government invest a small 10 % of our CBI revenues in a Sovereign Fund over the last 20 years)Basic Income could simplify the welfare system and give every citizen a foundation to thrive. As the nation looks for new ways to grow and support its people, this idea is worth exploring. What do you think? Could Universal Basic Income help us build a more stable and equitable future?

More details to come in subsequent articles.

The Becoming of a Model Best Viable Small Island Nation in the Western Hemisphere.