A basic income experiment is coming to San Francisco, California.
Announced at a January 23 forum hosted by the city’s Office of Financial Empowerment (OFE), a subsection of the Office of the Treasurer, the experiment will reportedly be a pilot program focused on families and children, Hoodline first reported .
Basic income is a wealth-distribution system that involves giving every citizen a fixed amount of money each month to cover basic living expenses. Advocate argue that by strengthening the social safety net, fewer people will be able to slip into poverty, ultimately creating healthier and happier societies.Some early evidence in the […]
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