As California plummets into financial collapse, one city hopes the answer might be giving away cash to residents

Monday, June 11, 2018
By Paul Martin

by: Ethan Huff
Monday, June 11, 2018

The crime-ridden and poverty-stricken city of Stockton, located in central California, has come up with a plan for prosperity that involves handing out free cash to poor people.

Stockton Mayor Michael Tubbs, 27, says that giving local residents a “no strings attached” guaranteed basic income of $500 per month is precisely what will elevate Stockton to new economic heights.

Taking a page straight from the universal basic income schemes that have already been tried, and scrapped, in European countries like Finland, Tubbs’ plan is to somehow create wealth out of thin air by giving people money.

He told local media that a select group of local Stockton residents will be given the monthly stipend as part of an 18-month experiment to see how people use the money, allowing authorities to assess whether or not it actually works.

“And then, maybe, in two or three years, we can have a much more informed discussion about the social safety net, the income floor people deserve and the best way to do it because we’ll have more data and research,” Tubbs says.

Facebook co-founder Chris Hughes behind this and other “free money” initiatives

And just where will all of this magic money come from, you’re probably asking yourself? From The Economic Security Project, a “philanthropic” network that’s co-chaired by Facebook co-founder Chris Hughes.

Hughes is one of a number of multi-millionaire technocrats who’s currently pushing for universal basic income trials to take place in locales all across the country and world. He believes that procuring money out of thin air and giving it to people will somehow create sustainable “wealth.”

In Stockton, local authorities will divvy out $1 million to select poor people who will be tracked and monitored as to their spending habits.

“I jumped at the opportunity,” Tubbs told local media, claiming that such a concept is replete throughout the writings of civil rights leader Martin Luther King Jr.

Hughes and other technocrats think high-earning producers should pay for poor people to be given free money

The Rest…HERE

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