At Harvard 2017 commencement speech, Mark Zuckerberg said he wants to “explore ideas like universal basic income.” Time
After months of planning, Stockton has sent debit cards loaded with $500 to a select group of residents as part of a closely watched experiment in universal basic income, the first led by a U.S. city.
Stockton, once dubbed “America’s foreclosure capital,” was the largest city to seek bankruptcy protection before Detroit’s 2013 filing. During the recession, unemployment soared toward 20 percent, and violent crime rose. Today, one in four residents lives below the poverty line, according to the U.S. Census Bureau.Now, as […]
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