Stockton trial project with guaranteed Basic Income

[Breakfast Bar]

"Next year, a random sample of the 300,000 residents of Stockton, a port city in California’s Central Valley, will get $500 per month ($6,000 a year) with no strings attached.

It’s the latest test of a policy known as basic income, funded not out of city revenues but by individual and foundation philanthropy. The first $1 million in funding comes from the Economic Security Project, a pro-basic income advocacy and research group co-chaired and bankrolled by Facebook co-founder and former New Republic publisher Chris Hughes. Stockton Mayor Michael Tubbs hopes to launch the basic income project as an Economic Empowerment Demonstration (SEED) — will be, in a way, the purest expression to date of Silicon Valley’s passion for basic income proposals, which many tech entrepreneurs and investors see as a necessary way to support Americans if artificial intelligence and other automation advances lead to unemployment for vast swaths of the population..."
https://www.msn.com/en-us/news/us/3...c-income/ar-AAtHdEi?li=AA4Zjn&ocid=spartanntp

I'm glad to see this as a somewhat controlled pilot project. Will this be necessary some day? With a current unemployment rate at under 5% it smacks of disguised socialism and European welfare state policies, but juxtaposed technological advances like Big Data analytics, Artificial Intelligence and driverless vehicles it seems like a proactive preparation for the economy of tomorrow. Thoughts?

 

[Headkicktoleg]

Now Nick will NEVER fight again

 

[Rational Poster]

Should probably be like $1000 a month if you really want to make a difference.

 

[irish_thug]

Who wants to join me in opening a liquor store in Stockton?

 

[HereticBD]

Best to get on the ground running. This shit will be a necessity in the not too distant future.

 

[RerouteToRemain]

Should probably be like $1000 a month if you really want to make a difference.

This, buys a much larger variety and quantity of drugs.

 

[Cuauhtemoc]

It's interesting but dystopian.
It's also paradoxical, we need migrants to fulfill the jobs we won't do but we also need basic income because there will be no more jobs.
I believe that if real AI ever happens we will all die anyway.

 

[Scott Parker 27]

Stupid, the col is way more than 6k a year because of its proximity to the bay area. Cant rent a cardboard box there for 2k.

 

[Headkicktoleg]

Stupid, the col is way more than 6k a year because of its proximity to the bay area. Cant rent a cardboard box there for 2k.

Its not supposed to be for people to live without any job. Its to help out paying bills. You can pay your utilities and get some food with $500 a month. Or maybe a car payment (to get to work) and keep the lights on

 

[44nutman]

I am curious how the money will be spent.
Will people use it to improve their standing or use it to buy hookers and blow.
IN my 20's I would have used it for hookers and blow. Basically would have wasted the money on shit purchases.
30's and current me would have invested it, thinking it was never my money to begin with and see if I can make it grow.

 

[Breakfast Bar]

Its not supposed to be for people to live without any job. Its to help out paying bills.

You can pay your utilities and get some food with $500 a month. Or maybe a car payment (to get to work) and keep the lights on

Who wants to join me in opening a liquor store in Stockton?

I think that this actually sums up the purpose of the amount being given and what its purpose is at this point. Obviously, people aren't surviving off of $500 per month (only), but you can find out how additional, unearned income might get spent overall by a significant sample set of people.

 

[Scott Parker 27]

"Next year, a random sample of the 300,000 residents of Stockton, a port city in California’s Central Valley, will get $500 per month ($6,000 a year) with no strings attached.

It’s the latest test of a policy known as basic income, funded not out of city revenues but by individual and foundation philanthropy. The first $1 million in funding comes from the Economic Security Project, a pro-basic income advocacy and research group co-chaired and bankrolled by Facebook co-founder and former New Republic publisher Chris Hughes. Stockton Mayor Michael Tubbs hopes to launch the basic income project as an Economic Empowerment Demonstration (SEED) — will be, in a way, the purest expression to date of Silicon Valley’s passion for basic income proposals, which many tech entrepreneurs and investors see as a necessary way to support Americans if artificial intelligence and other automation advances lead to unemployment for vast swaths of the population..."
https://www.msn.com/en-us/news/us/3...c-income/ar-AAtHdEi?li=AA4Zjn&ocid=spartanntp

I'm glad to see this as a somewhat controlled pilot project. Will this be necessary some day? With a current unemployment rate at under 5% it smacks of disguised socialism and European welfare state policies, but juxtaposed technological advances like Big Data analytics, Artificial Intelligence and driverless vehicles it seems like a proactive preparation for the economy of tomorrow. Thoughts?

Wait a minute, something does not add up. About 6 years ago stockton filed for bankruptcy and changed their city workers promised pension. How the fuck do yhey possibly have e nhl ough now to give 300k people 6k/yr??

 

[Breakfast Bar]

Wait a minute, something does not add up. About 6 years ago stockton filed for bankruptcy and changed their city workers promised pension. How the fuck do yhey possibly have e nhl ough now to give 300k people 6k/yr??

funded not out of city revenues but by individual and foundation philanthropy

 

[method115]

Should probably be like $1000 a month if you really want to make a difference.

In Cali, yea. Here in Texas that $500 would almost pay the rent of 1 bedroom apartment in a sem-hood area. I say semi-hood in that it wont be that bad but every now and then you might seem some hood shit happen.

 

[Rational Poster]

In Cali, yea. Here in Texas that $500 would almost pay the rent of 1 bedroom apartment in a sem-hood area. I say semi-hood in that it wont be that bad but every now and then you might seem some hood shit happen.

While I don't think most Americans would turn down an extra $500 a month, I think the goal of a UBI should be to uplift, not just sustain.

Obviously this is just a small study with limited resources. Interesting still to see what happens.

 

[SammyPops]

Who wants to join me in opening a liquor store in Stockton?

Champale for everyone.

2-1 odds that Justin does this if he gets a 2nd term.

 

[irish_thug]

Champale for everyone.

2-1 odds that Justin does this if he gets a 2nd term.

Oh wow. You mean it would only cost me $40, 000.00 a year to get 6? Where do I sign up. Then again everyone will be so high it'll probably happen.

 

[method115]

While I don't think most Americans would turn down an extra $500 a month, I think the goal of a UBI should be to uplift, not just sustain.

Obviously this is just a small study with limited resources. Interesting still to see what happens.

I always felt it was just to sustain. Then people could use the rest of their money from their low paying jobs to do other things invest, further education, etc.

 

[EL CORINTHIAN]

I beleive they have already done so this in Finland but the recipients did not belong to one single community but rather were citizens dispersed all over the country. I think they wanted to see how it would effect the individual rather than the entirety of the community.

 

[Bloodworth]

Wonder what the demographics will be about who will get the free money.

so next year 300,000 losers will get money for nothing.

Is this a liberal idea?