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Economy

BigmanPigman

(51,584 posts) Sun Oct 29, 2017, 05:53 PM Oct 2017

Universal basic income will begin in Stockton, CA.

It is an economic experiment and has been planned for a while but now will begin by giving all residents a basic wage with no strings attached.
http://money.cnn.com/2017/10/27/news/economy/stockton-universal-basic-income/index.html

3 replies

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Universal basic income will begin in Stockton, CA. (Original Post) BigmanPigman Oct 2017 OP

This is brilliant jodymarie aimee Oct 2017 #1

It isn't all residents, just a selected few MichMan Oct 2017 #2

Whoa now. Stockton isn't giving "all residents HeartachesNhangovers Oct 2017 #3

jodymarie aimee

(3,975 posts)

1. This is brilliant

Reply to BigmanPigman (Original post)

Sun Oct 29, 2017, 05:55 PM

Oct 2017

bravo CA....

MichMan

(11,906 posts)

2. It isn't all residents, just a selected few

Reply to BigmanPigman (Original post)

Sun Oct 29, 2017, 07:29 PM

Oct 2017

HeartachesNhangovers

(814 posts)

3. Whoa now. Stockton isn't giving "all residents

Reply to BigmanPigman (Original post)

Sun Oct 29, 2017, 07:31 PM

Oct 2017

a basic wage with no strings attached."

They have $1 million dollars to play with. The story says that the mayor announced that participants will get "about $500 a month".

$1,000,000 / ($500 * 12 months) = 166 people for 1 year

Stockton emerged from municipal bankruptcy less than 3 years ago. I am looking forward to seeing what they find, but I don't expect Stockton will be the place that actually pulls this off in the future.

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