The city of Oakland, Calif., has just launched a universal basic income program, providing low-income families $500 per month, with absolutely no strings attached regarding how they must spend it. According to a report from CBS News, this program, which is privately-funded, “is the latest experiment with a ‘guaranteed income,’ the idea that giving low-income individuals a regular, monthly stipend helps ease the stresses of poverty and results in better health and upward economic mobility.” Unless you aren’t eligible for the program because you’re white . The “Oakland Resilient Families” program has so far raised $6.75 million from private […]
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