Formerly bankrupt California city tests ‘universal’ income for residents

Formerly bankrupt California city tests ‘universal’ income for residents

The proposed project is being funded by a private grant The last time we visited Stockton, California, the city residents were voting on a sales tax to help city finances after it filed for Chapter 9 bankruptcy. The tax passed and the city exited bankruptcy in 2015. It appears few lessons have been learned in the interval.

The city’s 27-year old mayor is planning to launch its “ universal basic income” plan , where its citizens are paid simply for being citizens. The plan, spearheaded by Stockton’s 27-year-old mayor, Michael Tubbs, will likely begin sometime in August 2018 and involve […]

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