By Drew Gregory Lynch.
Stockton, California, will soon become the first U.S. city to experiment with a universal basic income program, granting 100 residents $500 a month with no strings attached.
The project is being backed by Silicon Valley titan Chris Hughes, whose Economic Security Project gave $1 million toward the effort.The goal, supporters say, is to ensure that the embattled city’s residents can stay out of poverty and the experiment is designed to assess whether or not the program could be rolled out on a wider scale.“We’ve overspent on things like arenas and marinas and things of that sort […]
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