Stockton Mayor Michael Tubbs and the Reinvent South Stockton Coalition have won a $1 million foundational grant designed to help demonstrate the benefits of a guaranteed basic income.
Guaranteed basic income is a concept relatively unknown in the U.S., despite pilot programs being underway in Finland and Canada. What it means at its simplest is that citizens get a certain amount of money each month to spend how they see fit, with the dual purpose of stimulating the economy while simultaneously increasing individual financial security.
Both Mayor Tubbs and the Economic Security Project, which is the basic income advocacy group that […]
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