California city begins universal basic income experiment

California city begins universal basic income experiment

[Ed. – Sounds brilliant. Hard to imagine how it could go wrong.]

The city of Stockton, Calif., has begun piloting a universal basic income (UBI) program for 130 residents over the next 18 months, according to the Los Angeles Times.

Under the program, the recipients will receive $500 a month with no conditions such as work or sobriety requirements, according to the Times. The organizers of the project have kept the identities of the beneficiaries secret.

“We are in a moment where big ideas are important and politically people are ready for them,” Natalie Foster, co-chair of The Economic Security Project, told the Times.

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The Silicon Valley organization donated $1 million in initial funding for the program, about a third of its total budget.

“The stories coming out of Stockton will put a real name and a face on what that economic insecurity looks like and what it looks like to make a different political decision,” Foster said.

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