Stockton (Max Whittaker / Reuters) The city of Stockton, California, is planning to offer a basic income grant of $500 per month to poor residents, making it the first U.S. city to provide a guaranteed income.
Mayor Michael Tubbs announced the program on Wednesday, according to Capital Public Radio . “This is not a handout, it’s a hand up,” he reportedly said. The program is to be privately funded by the Economic Security Project , which Capital Public Radio describes as “a network of researchers, elected leaders, and organizers” and which is run by Facebook co-founder and Barack Obama […]
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