Los Angeles may soon become the largest city in the US to introduce a universal basic income (UBI) program, joining its neighbors to the north – including Stockton, Oakland and San Francisco – in offering some residents a monthly cash boost with no strings attached.
The $24m LA program, introduced as part of Mayor Eric Garcetti’s budget proposal, released on Tuesday, would provide $1,000 a month to 2,000 families for a year if passed by the city council. Like most other UBI plans, those given the funds can use the money however they please.
“We’re betting that one small but steady […]
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