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By MisterLefty following x   2018 Jul 10, 3:45am 274 views   5 comments   watch   sfw   quote     share    


Residents of California city once known as 'America's foreclosure capital' are set to get monthly $500 stipend, with NO strings attached, in bid to boost local economy

The Universal Basic Income program will be tested in impoverished Stockton, California with some heavy backing from nearby wealthy Silicon Valley

A $500-a-month stipend will be given to 100 residents for 18-months

The money comes with no strings attached with the program aiming to see how raising the income floor will change people's financial situation

The money can be used for anything with the idea that with some financial empowerment people will be able to start new ventures, afford food, pay bills

The idea of the test is to see if the financial help will up school attendance and health and possibly contribute to female empowerment

The Stockton test will be funded in part by Facebook's co-founder Chris Hughes whose organization, the Economic Security Project, contributed $1million
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Stockton's population is very diverse in terms of race. Data show that 37% of the population is white, over 12% is African American, 21.5% are Asian, and 6.9% are mixed race. Recent data show that over 35% of the population is of Mexican descent.

http://www.dailymail.co.uk/news/article-5936339/Residents-Stockton-set-500-month-no-strings-attached-bid-boost-economy.html


2   dr6B   ignore (1)   2018 Jul 10, 7:41am   ↑ like (2)   ↓ dislike (0)   quote        

MisterLefty says
how raising the income floor will change people's financial situation

I am all for not being cynical, but my prediction is that (1) crack prices in that particular area will skyrocket, and (2) pimped-out rims on cars will become more plentiful.
3   Hassan_Rouhani   ignore (3)   2018 Jul 10, 10:48am   ↑ like (1)   ↓ dislike (0)   quote        

MisterLefty says
The Universal Basic Income program will be tested in impoverished Stockton, California with some heavy backing from nearby wealthy Silicon Valley

A $500-a-month stipend will be given to 100 residents for 18-months


The leaked internal name of the program is "Friends and Family of the City Councilmembers".
4   TrumpingTits   ignore (0)   2018 Jul 10, 10:44pm   ↑ like (0)   ↓ dislike (0)   quote        

@MisterLefty - Peggy Joseph has done a 180 since then. She got 'mugged by reality' and is now a conservative.

No bull. This is the real deal. Consider her the first #WalkAway or whatever. This is from 2014:

5   TrumpingTits   ignore (0)   2018 Jul 11, 9:16pm   ↑ like (0)   ↓ dislike (0)   quote        

Ummm...how can they call it a test of Universal Whatever when only 100 people are getting it.

To be anything close to Universal, they'd have to give out the money to nearly all the residents.




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