Stockton’s basic income plan diverts city from its real duties

Stockton’s basic income plan diverts city from its real duties

By Steven Greenhut | | January 27, 2018 at 7:30 pm SACRAMENTO — There’s a simple solution to the nation’s poverty and inequality problems, an acquaintance told me several years ago. He suggested that the federal government simply give $1 million to every citizen and, voila, we’d all be rich and happy. After some quick math (323 million times $1 million = more trillions than even the U.S. Treasury can print), he realized that he didn’t add enough zeroes to his cost calculation. Turning the United States into Zimbabwe, where a $1 trillion note won’t even buy a soda, […]

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