San Francisco Chronicle
What could you do with an extra $500 a month? Lorrine Paradela got a better night’s sleep.
The 45-year-old single mother is one of the 125 Stockton residents receiving monthly cash disbursements as part of an attention-grabbing experiment on guaranteed income.
Paradela has been able to pay for a new car after her old one was wrecked in a crash. She bought a video game console for her 16-year-old son as a thank-you gift for his help taking care of his 10-year-old sister.Read more
Mayor Michael Tubbs of Stockton, California, was just 28 years old when he launched a pilot program that gives free money to his city's residents.
In February, the city began distributing $500 monthly stipends to 125 residents who live at or below the median income line (about $46,000 annually). The stipends are a test of basic income, a policy approach that would essentially pay people simply for being alive.Read more
Stockton, California, recently started an experimental basic income program. The concept is simple: 130 residents will receive monthly payments, no strings attached, over the course of 18 months. The first payment was delivered in February.
When the experiment is complete, according to The Los Angeles Times, city authorities will pore over how people spent the money and how it changed their lives — resulting in a study that could provide crucial insight into the economics of basic income.Read more