California city launches guaranteed basic income of $500 a month for residents

California city launches guaranteed basic income of $500 a month for residents

Michael Tubbs, the 27-year-old mayor of Stockton, sits in his office at Stockton City Hall in Stockton, California, U.S., April 24, 2018. Michael Tubbs, the 27-year-old mayor of Stockton, California, 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, 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.

READ MORE: Guaranteed basic income for all Canadians would cost $43 billion a year, […]

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