Will ‘basic income’ become the California norm?

StocktonAfter months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday 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 the city slowly recovers from financial disarray, officials and advocates look to the Stockton Economic Empowerment Demonstration, or SEED, to provide insight on whether a long-term basic income program is a viable creative approach to lifting residents out of poverty.  …

Click here to read the full article from the Sacramento Bee

Comments

  1. Unbelievable lack of common sense, which is also responsible for the so-called homeless crisis, which is NOT a crisis, but another problem created by liberal government, who will now have another reason to spend our money to “fix” the problem that government created! Unfortunately, never getting around to really addressing the problem, and asking for more money…The Tax and Spending of liberal Dems.

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