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When Stockton Mayor Michael Tubbs suggested giving residents in his California city $500 a month with no strings attached, he wasn't floating a new idea. The system of paying someone for being alive — now known as universal basic income — stretches back to the 16th century. Tubbs got the idea from Dr. Martin Luther King, Jr., who proposed a guaranteed minimum income for citizens in 1967.
I wonder if the people who are outraged over this are also outraged at the amount of corporate welfare that goes on in this country. $500 pales in comparison.
Stockton.... the largest city in the US to declare bankruptcy.... The town, facing high borrowing costs due to its junk bond-level credit ratings post-bankruptcy, would need to raise taxes in response to that. Higher taxes could in turn lead some high-income residents to leave, setting off a vicious cycle.
I wonder if the people who are outraged over this are also outraged at the amount of corporate welfare that goes on in this country. $500 pales in comparison.
Watch a bunch of homeless bums flock there for the money!!
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