A 29-year-old mayor gives the poorest people in his city $ 500 a month. He believes his policy could work at a national level.

Michael Tubbs Rich Pedroncelli / AP Photo

A small town in Central Valley, California is testing a big idea. Since February, 125 residents of Stockton have received monthly payments of $ 500.

It is an attempt at universal basic income that should last for 18 months. About eight months from now, the Mayor of Stockton, 29-year-old Michael Tubbs, told Business Insider that the experiment was beginning to show signs of success.Tubbs hopes that monthly payments will help lift some Stockton residents out of poverty. In 2012, the city was the largest city in the United States to file for bankruptcy. It’s […]

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