Basic Income Guarantee
Basic Income Guarantee has the potential to uplift individuals and families out of poverty, foster economic stability, and create a more equitable society. Premier Dennis King has made a promising commitment to implementing BIG with the assistance of the federal government. Michelle Neill and the Island New Democrats will continue advocating for this important policy.
How does a Basic Income Guuarantee help Islanders?
Poverty Alleviation
A guaranteed livable income in Prince Edward Island would reduce poverty rates, ensuring every resident has access to basic necessities and improving overall social well-being.
Healthier Communities
With increased financial stability, Islanders can afford better healthcare, leading to improved health outcomes and creating stronger, more resilient communities.
Social Cohesion
Basic income fosters a sense of belonging and inclusivity, promoting social cohesion and reducing inequality, creating a more harmonious and equitable society for all Islanders.
Education and Skill Development
A basic income would enable Islanders to pursue educational opportunities and acquire new skills, fostering a more educated workforce and promoting economic growth on the island.
Economic Stimulus
The injection of a guaranteed livable income into the local economy would boost consumer spending, supporting local businesses and revitalizing Prince Edward Island's economy.
Enhanced Entrepreneurship
A reliable income floor encourages entrepreneurial ventures and small business startups, fostering innovation, creating job opportunities, and nurturing a vibrant entrepreneurial ecosystem in Prince Edward Island.