One-off cash transfer, a timely intervention - Kaieteur News

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One-off cash transfer, a timely intervention

Oct 30, 2023 Letters

Dear Editor,

Kaieteur News – There is a general perception in and out of Guyana that the rich are getting richer and the poor are getting poorer.

While we cannot do much about the rest of the world, a one-off cash transfer to citizens living in Guyana is a timely intervention to alleviate the rising cost of living.

One-off cash transfers will not resolve every problem. But it does not produce a dependency syndrome.

I suggest every citizen living in Guyana be given a one-off cash transfer of $100,000 which will cost the treasury about $80 billion (about US$400million) which can be financed from the oil money.

Everyone will then benefit from the oil money as opposed to the elites who seems to be getting richer.

One-off cash transfers are not a replacement for money earned from working. Working not only gives people money, it also provides people with skills necessary to progress.

Sincerely,
Sean Ori

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