- Mayor Michael Tubbs, from Stockton, California, announced last October the launch of a basic income experiment in his home city.
- The 27-year-old mayor wants to show Stockton can become a cutting-edge city as it recovers from its 2012 bankruptcy.
- Tubbs first learned about basic income in college, reading Dr. Martin Luther King Jr., and he hopes the Stockton experiment will lay the foundation for future US studies.
Stockton, California made national news last October when it announced it would host the first US experiment in basic income, a system of wealth distribution in which people receive a standard salary just for being alive.
The plan, spearheaded by Stockton’s 27-year-old mayor, Michael Tubbs, will likely begin sometime in August 2018 and involve at least 100 people of varying income levels getting $500 a month for three years.
Ever since it declared bankruptcy in 2012, Stockton has been in recovery-mode, and Tubbs sees basic income — a growing topic of discussion around the world over the past couple years — as one way to rehabilitate the city.
In a basic income system, participants get a fixed amount of money that they can use however they want. Early research has shown that people in basic income experiments typically don’t spend this money on vices or vacations; instead, they use it to pay for things like home repairs, school expenses, and the costs of starting new businesses.
Stockton becomes a symbol for the rest of America
Tubbs, a Stanford alum who first discovered basic income reading Dr. Martin Luther King Jr. in college, believes rising costs for housing and education, combined with stagnant wages, have warranted a new approach to social welfare. He was elected in November 2016, with economic development as one of his major goals.
Unlike many players in the basic income discussion, he doesn’t believe Read More Here