You read that right: A California city is giving residents free money.
Stockton may be starting something. Local leaders in Newark, New Jersey, Milwaukee and Chicago currently are, and Tubbs says he’s heard from state senators in Washington and Massachusetts, as well as city supervisors in San Francisco who are interested in copying the program.report on economic well-being
SEED researcher Martin-West does anticipate one hypothesis will be proven correct when the UBI experiment concludes: that the $500 will “reduce the amount of stress and anxiety in the brain and body from the fluctuation of an unstable financial situation … The money provides a floor for people to rest their feet on."For Stockton resident Tomas Vargas, 36, getting $500 extra each month has changed his attitude on life.
These days, Vargas feels more free, psychologically if nothing else. He stops in on his mother more often and sometimes lingers to tease her cat. And his new job pays around $40,000, a sum that promises to provide him with enough to help his young kids achieve their potential. Democratic hopeful Yang took particular aim at tech companies while on the campaign trail, saying they benefit the most from today’s economy and, with a coming age of artificial-intelligence robots taking over jobs, deserved to pay into a UBI.
Samra also cites national efforts to put more money in low-income people's pockets, such as Sen. Kamala Harris’ LIFT the Middle Class Act and Rep. Rashida Tlaib’s BOOST Act, each of which would provide $6,000 a year to middle and working-class families through a tax credit. “This is their plan to essentially keep pitchforks from coming out when they start to automate jobs on a massive scale,” says Smith, whose organization represents 2 million members across 1,200 unions. “Under this scheme, inequality would be exacerbated.”such as the one put forth by Democratic candidate Bernie Sanders
In Stockton, four-time city councilman and Tubbs critic Ralph White has reservations about his hometown's UBI experiment in part because he feels the money, which was randomly distributed, isn't going to the truly needy.is $46,000 a year, but White says some residents make as little as $1,000 or less a month, “and those people are the ones who need $500.”
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