Just 80 miles east of Silicon Valley, one of the wealthiest regions in the country, is Stockton, California — once known as America’s foreclosure capital.
Soon, the former bankrupt city will become the first in the country to participate in a test of Universal Basic Income , also known as UBI. Stockton will give 100 residents $500 a month for 18 months, no strings attached.
The nontraditional system for distributing wealth guarantees that citizens receive a regular sum of money. The goal is to create an income floor no one will fall beneath.The concept of Universal Basic Income has gained […]
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