An anonymous reader quotes the Los Angeles Times: Mayor Michael Tubbs, a Stockton native and Stanford graduate who is all of 27 years old, wants to give at least $500 a month to a select group of residents . They’ll be able to spend it as they wish, for 18 months, in a pilot program to test the impact of what’s called guaranteed basic income… Workers in Silicon Valley and the San Francisco-Oakland area, driven out of the cuckoo housing markets in those communities, have snapped up cheaper properties in Stockton, accepting the bargain of killer commutes… But Stockton […]
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