125 residents of this city got hundreds a month in free money — here’s what happened

125 residents of this city got hundreds a month in free money -- here's what happened

Basic universal income: Testing a weapon agai…

CBSN Live Basic universal income: Testing a weapon agai…

Jul 29, 2018 06:39 buttons/button-playertray-rightbuttons/button-playertray-right The first government-led test of a basic income is underway in Stockton, California. Tomas Vargas Jr. is among a pool of 125 recipients of a $500 a month cash transfer funded by the city. The stipend comes with no strings attached: Vargas is spending his $500 a month investing in his kids’ education — and his family’s future. Groceries, electricity bills, tuition and kids’ tutoring fees: These are some of the recurring costs that Stockton, California, resident […]

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