The renowned economist struck up a conversation with the driver. When Mitchell said he was catching a flight to speak at the 30th annual Economic Forecast in Stockton, the driver exclaimed, “Stockton. That’s the place with the guaranteed income.”
Known widely during the recession in the late 2000s as the largest U.S. municipality to go bankrupt in 2012 — only to be usurped by Detroit, Michigan — Stockton apparently now is widely known for the Universal Basic Income experiment, in which 100 residents will be given $500 monthly stipends for 18 months with no strings attached through the Economic Security […]
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