Stockton California To Provide $500.00 Universal Income.

Stockton, California officials have announced they will be attempting an experiment with  “universal basic income,” of $500 a month for low income residents.

“I feel that as mayor it’s my responsibility to do all I could to begin figuring out what’s the best way to make sure that folks in our community have a real economic floor,” Mayor Tubbs said.

City Officials will be giving the money out, no questions asked and state there will be a mechanism in place for the tracking of the individuals receiving the benefits, and how they are spending the money.  They hope the program will show not only positive changes in the community, but will also have effects on the self esteem of the benefactors.  The $500.00 stipend does not appear to effect other benefits, such as welfare and medical/medicade, which can still be received by the low income residents.

Stockton last made major headlines in 2012 as one of the first cities to declare bankruptcy as a result of poor management and rising costs of living and government programs.

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