Michael Tubbs giving a TEDx talk, in 2012, before he was mayor of Stockton, Calif. Six years ago, facing housing foreclosures and a corruption investigation by the state, Stockton, Calif., became the largest city at that time in U.S. history to file for bankruptcy.
Now, the diverse, working-class community is out of bankruptcy, and the city’s 27-year-old mayor, Michael Tubbs, has a radical plan he’s testing to reinvent his hometown: Give every resident $500 a month.
The idea is called universal basic income (UBI). It can be traced back to the 16th century but has only started to be tested in […]
Full Post at www.governing.com