Since the announcement yesterday regarding Mayor Michael Tubbs’ Stockton Economic Empowerment Demonstration Project, there have been several viewer questions.
First, here is the project in a nutshell:
The project is also known as Guaranteed Income or Universal Basic Income (UBI). According to the SEED website, it is a "system of widely distributed, regular, unconditional cash stipends."1,000 mailers or "invitations" will be sent out in November to addresses where the median household is $46,033 or less. 100 people will be selected to receive $500 a month for 18 months. The mailers will be sent out randomly and people will be selected randomly […]
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