Stockton Basic Income Experiment Shows How Needy People Spend Free Money

Stockton Basic Income Experiment Shows How Needy People Spend Free Money

STOCKTON (CBS/AP) — The first data from an experiment in San Joaquin County where needy people get $500 a month from the government show they spend most of it on things such as food, clothing and utility bills.

The 18-month, privately funded program started in February and involves 125 people in Stockton. It is one of the few experiments testing the concept of “universal basic income,” an old idea getting new attention from Democrats seeking the 2020 presidential nomination. Michael Tubbs, mayor of Stockton, Calif. discussed his city’s experiment with universal basic income on Oct. 3, 2019. (CBS) Stockton mayor […]

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