26-Year Old California Mayor Proposes Universal Basic Income Free Money as Solution to Poverty

February 7, 2018 in News by Slad

 

Source: Need To Know

California: Michael Tubbs, the 26-year old Mayor of Stockton, is the first in the US to provide a universal basic income ($500 per month) to low-income residents. Stockton was the largest city in America to claim bankruptcy during the financial crisis, it has double the state average of unemployment, and half of those working are earning minimum wage. Critics fear it will create a welfare state. [Stockton already IS a welfare state. We predict that, when the ‘experiment’ is finished, it will be seen as a colossal failure, but those who are well paid to administer the welfare state will claim that the only reason it failed is that $500 was not enough. The result will be another ‘experiment’ at $1,000, and another at $2,000, and so on to eternity.]  -GEG