IN MARCH 2020 Tomas Vargas junior lost his job at a commercial airport because of covid-19 and became one of 40m Americans who applied for pandemic unemployment assistance. The money didn’t arrive for weeks, but Tomas was able to fall back on the guaranteed income of $500 a month that he’d been receiving since February 2019, as part of an experimental programme I’ve been piloting in Stockton, California. He spent this unconditional cash on rent, food and bills. Building on this income floor, he gave back to his community, providing free car-repair services to essential workers and donating supplies […]
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