Economics, North America
A blast from the past.
How would you like to receive $ 500 a month, no strings attached?
Stockton, California, a city outside of Silicon Valley, is providing such benefits to a group of its low-income residents in a pilot version of universal basic income.
Universal basic income is a policy that gives all people a set amount of benefits without requirements or stipulations. After a brief stint of popularity in the 1970s, the idea has resurged in the public interest, with backers including innovators Elon Musk and Mark Zuckerberg, union leader Andy Stern, and even libertarian Charles Murray.
There is no official start date for the program, but Stockton’s mayor, Michael Tubbs, has indicated they will be screening applicants through June. Chris Hughes, co-founder of Facebook, is providing $ 1 million toward the effort.
Recommended: The Colt Python: The Best Revolver Ever Made?