UNITED NEWS INTERNATIONAL (UNI) – One city in California plans to give its residents money to help curb poverty, with no strings attached.
The idea is to test if Universal Basic Income can work.
The city of Stockton, backed by the Economic Security Project, recently announced it plans to give 100 residents $500 a month, for 18 months.
The hope is the money will give people an income floor and help people from falling below the poverty line.
Finland and Cambodia have tried basic income programs, but they only targeted mothers or the unemployed. Italy, Uganda and India have also tried similar programs.
Facebook CEO Mark Zuckerberg announced in May, that he supports the UBI theory and Tesla’s CEO tweeted last month, saying, “Universal income will be necessary over time if AI takes over most human jobs.”
The experiment is due to start in Stockton next year.