The initial report on Stockton’s “basic income” experiment, in which 125 residents in low-income Zip Codes receive $500 a month, shows that most of the money that can be tracked has been spent on necessities. But that’s only part of the story. Forty percent was transferred to bank accounts or turned into cash and has left no trail.
So, where did it go? How can the program — currently funded by a nonprofit that supports “ projects that explore and champion unconditional cash for Americans ,” but sure to be paid for by taxpayers if it becomes permanent — be […]
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