For Stockton to do this is just stupid. Stockton can't print money and won't cut other programs in order to fund this. Therefore, Universal Basic Income (UBI) can only lead to higher taxes and higher debt.
But UBI is inevitable just the same, imo. People can't compete with robots in most areas, and one day soon (50 years?) jobs will be impossible to find. Governments will have to tax robot-owning corporations, and everyone who doesn't own a successful company will be on the dole.
The future for humanity ain't good.
February 4, 2018
California city to experiment with 'universal basic income'
Residents to get $500 a month, no questions asked, as starting point
wnd.com
The mayor of Stockton, California, is leading an experiment with “universal basic income,” which is set to start by giving low-income residents $500 a month, no questions asked.
Mayor Michael Tubbs calls his city “ground zero” for issues like wage stagnation, rising housing prices and loss of middle-class jobs that affect the nation.
The Central Valley city went bankrupt in 2012, and for decades it has been trying to diversify its agriculture-based economy.
“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,” Tubbs said.
Dorian Warren serves as co-chairman the Economic Security Project, which is contributing $1 million to the initiative. He said the goal is to gather data on the economic and social impacts of giving people a basic income.
In addition to tracking what residents do with the money, Warren said they will be monitoring how a basic income affects things like self-esteem and identity.
“What does it mean to say, ‘Here is unconditional guaranteed income just based on you being a human being?'” Warren asked.
http://www.wnd.com/2018/02/u-s-city-to-experiment-with-universal-basic-income/
| 