Posted By TheNewsCommenter : From Reason.com : “Stockton’s ‘Basic Income’ Plan Diverts City From Its Real Duties”. Below is an excerpt from the article . There’s a simple solution to the nation’s poverty and inequality problems, an acquaintance told me several years ago. He suggested that the federal government simply give $1 million to every citizen and, voila, we’d all be rich and happy. After some quick math (323 million x $1 million = more trillions than even the U.S. Treasury can print), he realized that he didn’t add enough zeroes to his cost calculation. Turning the United States […]
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