Michael Tubbs, the mayor of Stockton, Calif., has a radical plan to combat poverty in his cash-strapped city: a "no strings" guaranteed basic income of $500 a month for its residents.
Starting in early 2019, Mayor Tubbs plans to provide the monthly stipend to a select group of residents as part of a privately funded 18-month experiment to assess how people use the money.
"And then, maybe, in two or three years, we can have a much more informed discussion about the social safety net, the income floor people deserve and the best way to do it because we’ll have more […]
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