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Old 06-04-2018, 3:19pm   #1
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Default a “no strings” guaranteed basic income of $500/month to select group.

California city fights poverty with guaranteed income

STOCKTON, Calif. (Reuters) - 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 city has not yet decided how many people will receive income from the trial project, which is funded by The Economic Security Project, a philanthropic network co-chaired by Facebook co-founder Chris Hughes.

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. Last year, the payout in Alaska was $1,100.

The Economic Security Project is providing $1 million to fund the Stockton trial after approaching Tubbs to ask if his city would be interested in piloting a basic income program.

“I jumped at the opportunity,” said Tubbs, who was familiar with the concept from the writings of civil rights leader Martin Luther King Jr.

The issue of economic empowerment is a personal one for Tubbs. Growing up in Stockton, where one in four residents live in poverty, his family relied on government assistance to meet their basic needs.

“My mom was on welfare for the first five, six years of my life,” he said. “You’d get food stamps, but that’s not cash, and maybe food’s not the biggest need ... So this gives people more agency to kind of make the best decision.”

The scheme is not without its detractors. The Organization for Economic Cooperation and Development argues that providing an unconditional basic income to everyone of working age would do little to combat poverty if not funded by extra taxes. Critics also say it would encourage people not to look for work.

Finland’s government has opted not to extend that country’s two-year trial when it ends next December. Some lawmakers and economists had argued the scheme was too expensive and narrow to yield credible conclusions.

For 31-year-old Shay Holliman, though, an extra $500 a month would just allow her to make ends meet. She was recently released from prison after an 11-year sentence and 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.

‘MORAL RESPONSIBILITY’

The criteria for participation in the experiment has not yet been decided, Tubbs said. But already, he has been receiving letters and emails from residents asking to be considered.

Tubbs says he “felt almost a moral responsibility” to do something “a little bit out the box” for his city of 300,000 east of San Francisco.

“And I know, for me, I want to live in a community where people’s basic needs are met,” he said.

“I think it will begin to shift the narrative about Stockton,” she said. “Instead of being the miserable city, we’ll be the city that people are waiting to come to for all of the right reasons.”

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Old 06-04-2018, 3:56pm   #2
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Good for him I'll call him Robinhood. I want 500.00 a month free too.
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Old 06-04-2018, 3:57pm   #3
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I think it's a great idea.






Dear Orange County Board of Supervisors,
The city of Stockton recently enacted a minimum basic income. This is really great. Here in Orange County, we have roughly 5,000 homeless people degrading our communities. At $60 per person for a bus ticket, we can solve our homeless problem for a one-time investment of $300,000. Given what we are forced to spend on law enforcement and first responders, and cleaning up areas where homeless congregate, this is the deal of the century.
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Old 06-04-2018, 4:07pm   #4
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I'd like to be selling cars at a bottom-feeder used car lot in that town.
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Old 06-04-2018, 4:17pm   #5
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I'd like to be selling cigarettes and booze at a bottom-feeder liquor store in that town.
Fixed.
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Old 06-04-2018, 4:26pm   #6
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Fixed.
Nope, make lot more money at a car lot. You wouldn't believe how much difference $500-1000 down can make in getting a roach financed on a 7-10K car.
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Old 06-04-2018, 4:29pm   #7
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Good for him I'll call him Robinhood. I want 500.00 a month free too.
Robinhood stole from the government and gave the money back to the taxpayers.
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Old 06-04-2018, 4:42pm   #8
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Nope, make lot more money at a car lot. You wouldn't believe how much difference $500-1000 down can make in getting a roach financed on a 7-10K car.
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Old 06-04-2018, 4:44pm   #9
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That's actually the term used in the business.
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Old 06-04-2018, 5:05pm   #10
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Maybe if these people got off thier lazy uneducated asses and went to work they could make more than 500.00 a month.
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Old 06-04-2018, 5:52pm   #11
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That's actually the term used in the business.



Someone with bad credit?
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Old 06-04-2018, 5:54pm   #12
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Someone with bad credit?
Yes. I would say below 550-600 credit score.
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Old 06-04-2018, 8:17pm   #13
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The mayor is a dumbass. $500 isn't going to help anyone, especially in California. Just another stupid liberal plan. I would say wait and see how it turns out, but we already know.
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Old 06-04-2018, 8:22pm   #14
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The mayor is a dumbass. $500 isn't going to help anyone, especially in California. Just another stupid liberal plan. I would say wait and see how it turns out, but we already know.
When you start printing money, the price of everything goes up, and at the end of the day, nobody is any further ahead. The people who pay for those stipends are unfortunately behind even more, cuz now they are out the money AND everything is more expensive.

Remember the VB ratings system? It got abused, and a few of us clowns broke the internet with the 2.147 club. Same concept.
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Old 06-05-2018, 7:13am   #15
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Buy stock in Boonesfarm and Ripple.....
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Old 06-05-2018, 8:35am   #16
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Robinhood stole from the government and gave the money back to the taxpayers.
point.
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Old 06-05-2018, 8:37am   #17
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Quote:
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The mayor is a dumbass. $500 isn't going to help anyone, especially in California.

you got it wrong.

It was never about helping a person in any way except to steer (buy) their vote; that's all it is (and disguised as a helping hand gesture).
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Old 06-05-2018, 10:27am   #18
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Quote:
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you got it wrong.

It was never about helping a person in any way except to steer (buy) their vote; that's all it is (and disguised as a helping hand gesture).
Yup...buying votes legally...
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Old 06-05-2018, 9:20pm   #19
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Quote:
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you got it wrong.

It was never about helping a person in any way except to steer (buy) their vote; that's all it is (and disguised as a helping hand gesture).
Plus that type of sponge is never concerned with long term consequences, only the "what can you give me NOW"?
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