San Francisco (CNN Business)Residents of Stockton, California have been through a lot: from widespread foreclosures to the city going bankrupt. But for a handful of residents, some help is here.
One hundred Stockton residents started getting monthly payment of $500 on Friday. They’ll receive the extra money for 18 months as part of an experiment testing the impact of universal basic income , also known as UBI.
The goal of UBI is to reduce poverty and inequality by giving people a regular minimal income. It’s gained support from billionaires such as Elon Musk, Richard Branson and Mark Zuckerberg .The Stockton […]
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