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California City Fights Poverty With Guaranteed Income
Key Excerpts from Article on Website of New York Times/Reuters
Posted: June 10th, 2018
https://www.nytimes.com/reuters/2018/06/04/us/04reuters-cali...
Michael Tubbs, the 27-year-old mayor of Stockton, California, has a radical plan to combat poverty in his cash-strapped city: a "no strings" guaranteed basic income of $500 a month for its residents. Starting in early 2019, Tubbs plans to provide the monthly stipend to a select group of residents as part of a privately funded 18-month experiment to assess how people use the money. "And then, maybe, in two or three years, we can have a much more informed discussion about the social safety net, the income floor people deserve and the best way to do it, because we'll have more data and research," Tubbs told Reuters. The idea of governments providing a universal basic income to their citizens has been gaining traction globally. The Finnish government is running a two-year trial to provide 2,000 unemployed people with monthly payments of approximately $660. In Alaska, each resident has long received an annual dividend check from oil revenues from the Alaska Permanent Fund, which Tubbs said is a model for his approach. For 31-year-old Shay Holliman ... an extra $500 a month would just allow her to make ends meet. She ... works a 9-5 job at a local nonprofit then drives for Uber and Lyft in the evenings and at weekends. "I still can't pay all my bills," she said. Tubbs says he "felt almost a moral responsibility" to do something "a little bit out the box" for his city. "And I know, for me, I want to live in a community where people's basic needs are met," he said.
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