REPORT: California town becomes first in nation to give away free money to residents in experimental welfare program

BY ANNETA GRIFFEE / JULY 10, 2018 /

GET the DML NEWS APP (FREE) Click Here

As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FOXNEWS.COM:

Stockton, California is set to become the first city in the nation to embark on an experiment of Universal Basic Income, paying 100 residents $500 a month without any conditions.

The program’s purpose is to eventually ensure that no one in the city of 300,000 people lives in poverty. The receivers of the cash will be able to spend the money on anything they want without any strings attached.

It will launch by 2019 and the 100 fortunate residents will receive the cash for a full 18-months as part of its testing phase before deciding whether to roll it across whole Stockton.

The article goes on to state the following:

The city, which was once known as America’s foreclosure capital, has recently fallen on hard times, with one-in-four residents living below the poverty line and the median household income is nearly $8,000 lower than the national median.

The city also racked up millions in debt from expensive development projects that led to the city’s bankruptcy in 2012.

“We’ve overspent on things like arenas and marinas and things of that sort to try to lure in tourism and dollars that way,” said Stockton Mayor Michael Tubbs.

Luckily, the experimental program won’t deplete the city’s coffers as it benefits from financial backing by wealthy Silicon Valley moguls. One of those backers is Facebook co-founder Chris Hughes, whose the Economic Security Project contributed $1 million to the project.

To weigh in on this information provided by FOXNEWS.COM, engage in our LIVE CHAT below. Scroll down.

DML News offered you the above information as part of our ongoing effort to educate and inform people around the world. You can obtain additional information by visiting FOXNEWS.COM

7 Comments

  1. Capit July 10th, 2018 at 9:20 am

    Eventually, there will be no money to give away. What then? Does California really believe free money with no restrictions on what it is used for is the answer to poverty? After the 18 months are up, then what? Same people, just no money as most will likely blow the free money on smokes, drugs, or junk foods instead of a makeover to interview for a job. This is not the answer to poverty.

    Reply

  2. Steve July 10th, 2018 at 9:24 am

    Stockton is a shithole.Full of gangs and illegals:

    Reply

  3. Honey Wright July 10th, 2018 at 9:36 am

    Omg…my Republican friends in Cali are going to flip thier lids on this one. I’ve already gotten two to move to the South; maybe this will push the others.
    I wish we could tag people on these

    Reply

  4. Raoul Ortega July 10th, 2018 at 9:46 am

    Curious… How many of the 100 are legal residents of the United States ?

    Reply

  5. Kim July 10th, 2018 at 9:57 am

    Sad. Stockton was farming and a cool city, crazy to gone so bad, too close to Sacramento 🤪🤪🤪

    Reply

  6. Jed July 10th, 2018 at 10:37 am

    Where is my free money? Just add it to my paycheck that i worked for.

    Reply

  7. Steve July 11th, 2018 at 2:42 am

    California, a state in debt over 31 billion dollars giving away free money. Imagine that! State taxes are goin up lol Jerry Brown the clown making California Great Again hahahahahaha See what happens when liberal minds take over just 1 state?

    Reply

Leave a comment

Your email address will not be published. Required fields are marked *