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100 Lucky Stockton Residents To Receive $6,000 In 'Universal Basic Income' 

By: capt_nemo in POPE 5 | Recommend this post (2)
Sat, 15 Dec 18 3:12 AM | 52 view(s)
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For more than a year now, Stockton Mayor Michael Tubbs and a non-profit organization called the Stockton Economic Empowerment Demonstration have been planning a radical economic experiment: Making Stockton the first city in the country to distribute a "Universal Basic Income" to its largely impoverished residents (the median income in the city is below $46,000).

And while the city of 300,000 - which recently emerged from bankruptcy after becoming a cautionary tale of the fallout from the financial crisis when it first filed in 2012 - won't be sending checks to as many people as they would have liked, those lucky enough to receive the letters announcing their eligibility for the program will receive them this week.

http://www.zerohedge.com/news/2018-12-14/100-lucky-stockton-residents-receive-6000-universal-basic-income?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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