Bankrupt California city wants to give a universal basic income to residents

Bankrupt California city wants to give a universal basic income to residents

A pedestrian walks by a Stockton Record newspaper rack displaying the headline ‘Bankrupt!’ on June 27, 2012, in Stockton, California. Through the Economic Security Project, Stockton is testing a universal basic income for a select group of families to see whether the program could evolve into a broader policy. (Justin Sullivan/Getty Images) Stockton, California, is testing a universal basic income for a select group of families to see whether the program could evolve into a broader policy, Fox News reports. How will it work?

The plan is to give $500 per month to several dozen families, and then […]

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