The city of Stockton, California, has proven that basic income programs are the future of anti-poverty policy. At least that’s the conceit of those cheering the results of a recent study that tracked Stockton residents who received no-strings-attached cash payments in the years before the pandemic arrived. With prominent politicians, including New York mayoral candidate Andrew Yang, advocating implementation of such programs in dozens of cities and states, this study is supposedly a game-changer. In reality, though, it is nothing of the sort.
The Stockton Economic Empowerment Demonstration (SEED) provided 125 residents of low-income neighborhoods with prepaid debit cards worth […]
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