Will basic income become the califfornia norm town starts 500.00$ no string payments

[MindWars]

SACRAMENTO, Calif. - After months of planning, Stockton, Calif., is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city.

Will 'basic income' become the California norm? Town starts $500 no-strings payments



THESE STUPID ASSES ARE GOING TO GO BROKE SO FAST!! AND WE / THEY / TAX PAYERS ARE GOING TO BE THE ONES WHO PAY FOFR THIS SHIT SYSTEM!! OMFFG!!

Sooner or later you run out off other people's money bahhaha

 

[fncceo]

SACRAMENTO, Calif. - After months of planning, Stockton, Calif., is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city.

Will 'basic income' become the California norm? Town starts $500 no-strings payments



THESE STUPID ASSES ARE GOING TO GO BROKE SO FAST!! AND WE / THEY / TAX PAYERS ARE GOING TO BE THE ONES WHO PAY FOFR THIS SHIT SYSTEM!! OMFFG!!

Sooner or later you run out off other people's money bahhaha

When since 1920 has $500 been an income?

 

[theHawk]

All of the money is going to be spent on weed.

 

[fncceo]

All of the money is going to be spent on weed.

That doesn't buy a lot of weed.

 

[Dekster]

130 people out of a city with 310,000 people doesn't quite meet the universal in "universal"

 

[leftwinger]

All of the money is going to be spent on weed.

That doesn't buy a lot of weed.

Will it buy enough loads of heroin to get to the next check?

From what i read, not even close for heavy advanced users. Anyone know?

 

[EvilCat Breath]

All of the money is going to be spent on weed.

I'm afraid worse. $500.00 is meth, heroin, anything to be cut with fentanyl money. Drug dealers are celebrating.

 

[WheelieAddict]

Alaska already has a form of basic income. You get a stipend.

 

[Dont Taz Me Bro]

Alaska already has a form of basic income. You get a stipend.

Each resident gets part of the oil revenue. Not remotely the same thing here

 

[WheelieAddict]

Alaska already has a form of basic income. You get a stipend.

Each resident gets part of the oil revenue. Not remotely the same thing here

So each resident gets a stipend, a basic income.

 

[BuckToothMoron]

All of the money is going to be spent on weed.

And Maddog 20/20

 

[BuckToothMoron]

Ok, quick math here. From the article, they had some sort of go fund me page called Economic Security Project which raised $10 million. Now 130 drug addicts are going to get $500 a month for 18 months (130 druggies x $500 x 18 months = $1,170,000). Which means that over 10% of the $10 million will be spent buying drugs and around 90% of the money will be spent paying people to watch druggies buy drugs. Brilliant, fucking brilliant!


The money for the program comes from a $1 million grant from the Economic Security Project, a network organization that has raised $10 million to fund and explore universal basic income programs and their viability.

 

[leftwinger]

Maybe they hope many OD early in the month? If they can kill off the problem.......for cheap.

 

[Crepitus]

SACRAMENTO, Calif. - After months of planning, Stockton, Calif., is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city.

Will 'basic income' become the California norm? Town starts $500 no-strings payments



THESE STUPID ASSES ARE GOING TO GO BROKE SO FAST!! AND WE / THEY / TAX PAYERS ARE GOING TO BE THE ONES WHO PAY FOFR THIS SHIT SYSTEM!! OMFFG!!

Sooner or later you run out off other people's money bahhaha

Last I heard California had a budget surplus in the $10 billion range. You got a link to them going broke?

 

[RoshawnMarkwees]

I’m setting up a second residence located in California.
No fixed address, CA.
Send me my muh fuckin’ money, bitch!

 

[gallantwarrior]

Alaska already has a form of basic income. You get a stipend.

No, you receive an annual dividend paid from money set aside from petroleum earnings. Mineral resources are deemed to be owned by the State and its residents and part of the earnings have been set aside and are managed to earn more money in the financial markets. The amount varies depending on an average of the past five years market earnings.

 

[georgephillip]

SACRAMENTO, Calif. - After months of planning, Stockton, Calif., is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city.

Will 'basic income' become the California norm? Town starts $500 no-strings payments



THESE STUPID ASSES ARE GOING TO GO BROKE SO FAST!! AND WE / THEY / TAX PAYERS ARE GOING TO BE THE ONES WHO PAY FOFR THIS SHIT SYSTEM!! OMFFG!!

Sooner or later you run out off other people's money bahhaha

Your link:

"Stockton, once dubbed 'America's foreclosure capital,' was the largest city to seek bankruptcy protection before Detroit's 2013 filing.

"During the recession, unemployment soared toward 20 percent, and violent crime rose. Today, one in four residents lives below the poverty line, according to the U.S. Census Bureau...."

https://seekingalpha.com/article/4136095-u-s-market-cap-approaches-30-trillion

"'A universal payment of $12,000 per year to each adult U.S. resident over age 18 would cost roughly $3 trillion per year,' reads a new National Bureau of Economic Research working paper by Hoynes and UC Berkeley professor Jesse Rothstein."

What's wrong with using the money other people have "earned" from fraud and speculation?

 

[Maxdeath]

They could do it the easy and more cost effective way and just look at Finland. They tried it and dropped it. But as in all things there is always hope that doing the same thing over and over will have a different result.

 

[georgephillip]

They could do it the easy and more cost effective way and just look at Finland. They tried it and dropped it. But as in all things there is always hope that doing the same thing over and over will have a different result.

Finland doesn't have the same economy (or population) as the US. Basic Income has the potential to reverse many of the negative economic trends we've seen over the past five decades.

Why we should all have a basic income

"Consider for a moment that from this day forward, on the first day of every month, around $1,000 is deposited into your bank account – because you are a citizen.

"This income is independent of every other source of income and guarantees you a monthly starting salary above the poverty line for the rest of your life...."

"'Basic income' would be an amount sufficient to secure basic needs as a permanent earnings floor no one could fall beneath, and would replace many of today’s temporary benefits, which are given only in case of emergency, and/or only to those who successfully pass the applied qualification tests.

"UBI would be a promise of equal opportunity, not equal outcome, a new starting line set above the poverty line."

 

[Moonglow]

I can make that in one-two days of working..