California City Will Experiment with $500/Month Universal Basic Income

[jimnyc]

A shame that such a beautiful state on the water is slowly destroyed by the state government & so many cuckoo liberals and Hollywood elites.

Just give it away! Maybe free college now too, all the professors at the best schools out there will be thrilled to work for free! Or will the government turn around and pay their exorbitant salaries as well? Idiots.

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California City Will Experiment with $500/Month Universal Basic Income

Liberals have touted the notion of universal basic income, or UBI, for years. The idea behind UBI is that everyone — households or individuals, depending on the proposal — receives a minimum stipend from the government to ensure a "floor" of income.

The concept of UBI sounds wonderful on paper. It's nice to think that we could ensure that nobody does completely without some kind of income. But, like with any other socialist idea, where does the money come from?

Various entities have tried universal basic income in different forms. Cambodia has given $5 a month to children and pregnant women in a program in which the government and UNICEF partner. Finland experimented with UBI for 2,000 unemployed people; recipients get 560 euros whether they find a job or not. Non-profits and startups have floated trial balloons in Kenya and Oakland, California.

Alaska residents receive royalty payments from oil profits, but this program is more of a bonus than a UBI guarantee.

Now, Stockton, California, a city nestled in the shadow of Silicon Valley, is experimenting with a UBI project. The city will give 100 residents a stipend of $500 a month for 18 months with no strings attached. The goal behind this $900,000 gamble is to see if free money will lift people out of poverty.

Universal basic income has been a pet project of Silicon Valley for a while, with leading lights of the industry like Elon Musk and Mark Zuckerberg expressing interest. In fact, $1 million of the money involved in the experiment comes from the Economic Security Project, the brainchild of Facebook co-founder Chris Hughes.

Not long ago, Stockton faced bankruptcy, and a quarter of the city's 300,000 residents lives below the poverty level. But 27-year-old Mayor Michael Tubbs believes in the idea of UBI as a way to get people out of poverty, and he established the Stockton Economic Empowerment Demonstration (SEED) to administer the experiment.

Rest - https://pjmedia.com/trending/califor...-basic-income/

[Gunny]

A shame that such a beautiful state on the water is slowly destroyed by the state government & so many cuckoo liberals and Hollywood elites.

Just give it away! Maybe free college now too, all the professors at the best schools out there will be thrilled to work for free! Or will the government turn around and pay their exorbitant salaries as well? Idiots.

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California City Will Experiment with $500/Month Universal Basic Income

Liberals have touted the notion of universal basic income, or UBI, for years. The idea behind UBI is that everyone — households or individuals, depending on the proposal — receives a minimum stipend from the government to ensure a "floor" of income.

The concept of UBI sounds wonderful on paper. It's nice to think that we could ensure that nobody does completely without some kind of income. But, like with any other socialist idea, where does the money come from?

Various entities have tried universal basic income in different forms. Cambodia has given $5 a month to children and pregnant women in a program in which the government and UNICEF partner. Finland experimented with UBI for 2,000 unemployed people; recipients get 560 euros whether they find a job or not. Non-profits and startups have floated trial balloons in Kenya and Oakland, California.

Alaska residents receive royalty payments from oil profits, but this program is more of a bonus than a UBI guarantee.

Now, Stockton, California, a city nestled in the shadow of Silicon Valley, is experimenting with a UBI project. The city will give 100 residents a stipend of $500 a month for 18 months with no strings attached. The goal behind this $900,000 gamble is to see if free money will lift people out of poverty.

Universal basic income has been a pet project of Silicon Valley for a while, with leading lights of the industry like Elon Musk and Mark Zuckerberg expressing interest. In fact, $1 million of the money involved in the experiment comes from the Economic Security Project, the brainchild of Facebook co-founder Chris Hughes.

Not long ago, Stockton faced bankruptcy, and a quarter of the city's 300,000 residents lives below the poverty level. But 27-year-old Mayor Michael Tubbs believes in the idea of UBI as a way to get people out of poverty, and he established the Stockton Economic Empowerment Demonstration (SEED) to administer the experiment.

Rest - https://pjmedia.com/trending/califor...-basic-income/

$500. a month in CA won't even pay the grocery bill.

I saw on the news awhile back they were selling houses around SF for a mil you can get as a fixer-upper here for $100k. That place is so out of whack it's not funny. FOr all it's bragging about it's economy, the standard of living is one of the lowest in the US because of it's not-even-communist-but flat-out stupid laws and taxes.

It IS a shame. It would be a decent enough place to live if you got rid of the people.

[Abbey Marie]

I've long said there isn't a problem Dems won't try to solve by throwing more money at it. This really takes the cake, though. They are now just about literally doing that.

The biggest joke is that we have a thriving economy. Where anyone can get a job making more than that.

[High_Plains_Drifter]

There's a MASSIVE exodus going on as we speak from CA. The big money and normal people are leaving.

But they're not the ones that keep the radical left in power in CA, it's all the people on CA welfare, and that's what this $500 a month is. It's a last ditch attempt to keep the trash, the welfare cases and illegal aliens in CA so they'll continue to vote for democrats.

Their little schemes are always so easy to see through.

[Elessar]

Stockton is a shithole of a place. 27 year-old mayor, no less?

$500 a month is panhandling money for a place like that.

I really disliked stopping for gas there when going from Long Beach up to Oregon.

[Gunny]

Stockton is a shithole of a place. 27 year-old mayor, no less?

$500 a month is panhandling money for a place like that.

I really disliked stopping for gas there when going from Long Beach up to Oregon.

Except for little crap, I shopped on base. Oceanside WAS the only place I ever put my name on the housing list. Had I not retired, I would have had even less to do with SoCal's whacked economy.