Finance: A California city is launching the first US experiment in basic income — and residents will get $6,000 a year

Finance: A California city is launching the first US experiment in basic income — and residents will get $6,000 a year

Stockton Mayor Michael Tubbs said that by August 2018 he hopes to enroll some of the city’s 315,000 residents in a basic income program. Stockton, California is expected to become the first US city to launch an experiment in universal basic income.

For a period of three years, a select group of residents will receive $500 a month, no strings attached.

Stockton Mayor Michael Tubbs has studied basic income and believes it can be the solution to the lingering poverty in his city. Stockton, California is expected to become the first US city to launch an […]

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