Stockton, California is expected to become the first US city to launch an experiment in universal basic income , a system of wealth distribution in which people receive a set amount of money just for being alive.
Stockton Mayor Michael Tubbs said that by August 2018 he hopes to enroll an undisclosed number of Stockton’s 315,000 residents in the program. Tubbs said the experiment — which is set to hand out $500 a month, or $6,000 a year — would ideally last for a period of three years.
“This is not a handout, it’s a hand up," Tubbs said. "You […]
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