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

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

07:35  16 february  2019
07:35  16 february  2019 Source:   msn.com

Official death toll from California wildfire drops to 85

Official death toll from California wildfire drops to 85 A Northern California sheriff's office dropped the death toll from a devastating 2018 wildfire to 85 people from 86. The Butte County sheriff's office said Thursday that remains from the Camp Fire thought to be from two separate people were from the same individual. The office also released the names of two more victims, bringing the total number of identified dead to 71. The wildfire wiped out more than 14,000 homes, most of them in the town of Paradise. The cause of the fire has not been determined.

Stockton starts $ 500 no - strings payments . By Alexandra Yoon-Hendricks. Stockton is giving free money to some residents as part of a new universal basic income experiment. Starting Friday, 130 residents will receive $ 500 a month for 18 months through a program called the Stockton Economic

This California town will give a $ 500 monthly stipend to residents. Soon, the former bankrupt city will become the first in the country to participate in a test of Universal Basic Income The concept of Universal Basic Income has gained traction and support from some Silicon Valley leaders, including

Will 'basic income' become the California norm? Town starts $500 no-strings payments© Kent Nishimura/Los Angeles Times/TNS Downtown Stockton, Calif.

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.

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.

Town honors an African-American WWII veteran blinded in a 1946 police beating

Town honors an African-American WWII veteran blinded in a 1946 police beating A South Carolina town has honored an African-American World War II veteran more than 70 years after he was beaten and blinded by local police. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Officials and community leaders in Batesburg-Leesville unveiled a historical marker of the attack on Sgt. Isaac Woodard Jr. Woodard had just gotten out of the Army in February 1946 and was on his way home when he got into a dispute with the bus driver after asking to get off to use the bathroom.

(Reuters) - Michael Tubbs, the 27-year-old mayor of Stockton, California , has a radical plan to combat poverty in his cash-strapped city: a “ no strings ” The idea of governments providing a universal basic income to their citizens has been gaining traction globally. The Finnish government is running a

— This town in California ’s Central Valley has long functioned as a display case for wrenching The trial could start as soon as the fall and continue for about two years. As the first American city to test Basic income is a term that gets thrown around loosely, but the gist is that the government distributes

Now, as the city slowly recovers from financial disarray, officials and advocates look to the Stockton Economic Empowerment Demonstration, or SEED, to provide insight on whether a long-term basic income program is a viable creative approach to lifting residents out of poverty.

"The need has only been reiterated" in the last few weeks of preparation, SEED director Sukhi Samra said. "Folks are ready to use this money to pay bills, to save for the future, to pay off debt and pay for medicine."

Each month for 18 months, 130 adults living in the city's lower-income neighborhood will receive $500 to spend however they want. Researchers with SEED will track, study and analyze how the income boost affects residents' spending and saving habits, and how it influences other factors such as quality of life and financial stability.

Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies

Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies Hard times for farmers got tougher with President Donald Trump’s trade war. Now Midwestern farmers are filing the highest number of bankruptcies in a decade, according to a Wall Street Journal analysis of federal data. And farmers aren’t hopeful about this year. Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008, according to statistics from the 7th Circuit Court of Appeals, the Journal reported. Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals.

A Basic Income , also called Universal Basic Income (UBI), Citizen's Income (CI), Citizen's Basic Income (CBI) (in the United Kingdom), Basic Income Guarantee (BIG)

The city of Stockton, California , will likely become the first in the nation to test out a version of As a kid growing up in Stockton, California , a little extra money would've meant the world to Michael Tubbs' family. But universal basic income has started to gain traction as poverty has grown and fears of

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.

"I think (the program) will make people work better and smarter and harder," Mayor Michael Tubbs told NPR last year. "We're not just designed just to work all day and run a rat race. We're designed to be in community, to volunteer, to vote, to raise our kids. And I think the more inputs and investments we can give in people to do those things, the better off we are as a community."

Last year, 4,200 letters were randomly sent to individuals living in areas with a median household income at or below $46,033, the city's median at the time.

That approach let the program target poorer communities while allowing selection of a diverse pool of participants, Samra said. The only other eligibility requirement was that participants be at least 18 years old.

Bill Gates: Taxing the rich is fine, but some politicians miss the point

Bill Gates: Taxing the rich is fine, but some politicians miss the point Bill Gates supports a "more progressive" tax policy on the rich, but he thinks proposals targeting high income brackets, like the policy proposed by freshman liberal Rep. Alexandria Ocasio-Cortez, D-N.Y., are missing the point. Simple Ways to Increase Your Tax Refund Get started now Ad Turbotax Ocasio-Cortez has pushed raising the top marginal tax rate to 70 percent on income over $10 million. The top marginal rate is currently 37 percent. But Microsoft founder Gates, without mentioning Ocasio-Cortez by name, said this kind of approach is "a misfocus. If you focus on that, you're missing the picture.

One started on 1 January in Finland with others planned in Ontario, Canada, Oakland, California , Aquitaine and Catalonia, and discussions are ongoing in It is not a true basic income experiment, which is not to imply it will have no value. Instead, 2,000 randomly selected unemployed people aged

Stockton, California — which announced plans last year to start the first major basic income pilot in the United States — will kick off its 18-month trial Recipients do not need to be working during the trial, and there are no restrictions on how the money can be used. Stockton residents can qualify for

From the respondents, SEED selected a group of 130 recipients taking into account the city's gender, age and racial diversity, Samra said.

Researchers will regularly check in with recipients to conduct quantitative surveys and qualitative interviews - "How are people feeling? How are people spending money? Are people spending more time with families? How are health outcomes changing?" Samra said.

The idea of universal basic income is simple - giving money to everyone, regardless of income level or employment status, with no restrictions on the expenditures.

As wages, particularly for low-skilled workers, have failed to keep up with inflation, and experts warn technological developments in nearby Silicon Valley herald an artificial intelligence revolution that could make many low-wage jobs obsolete, universal basic income has gained attention as a policy idea to address wealth inequality.

In California, U.S. Sen. Kamala Harris proposed a bill last year what would provide middle class and working families a tax credit of up to $6,000 a year that could be accessed as a monthly check of up to $500. Gov. Gavin Newsom has said he supports pilot universal basic income programs.

Key House chairman: New documents contradict Trump attorneys' statements over hush-money payments

Key House chairman: New documents contradict Trump attorneys' statements over hush-money payments House Oversight Chairman Elijah Cummings says that his panel has obtained information that calls into question previous statements made by attorneys representing President Donald Trump to federal officials about 2016 hush-money payments to keep an alleged Trump extramarital affair under wraps. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

Just months from now, low- income residents in Stockton, California , will receive no - strings -attached money to meet their needs, as the city lays Another part of the program includes hiring three artists to create murals that will be “used to start a conversation on the universal basic income project so that

Stockton, California will become the first city in the country to participate in a test of Universal Basic Income , in which 100 residents will be given The program aims to create a level of income that no one will fall beneath. By providing impoverished residents a regular sum of money that they can use

Several other countries conducted similar cash-transfer experiments, including Finland and Canada. Tech incubator Y Combinator conducted a feasibility study in Oakland that gave a few dozen residents between $1,500 and $2,000 beginning in 2016, and will soon conduct an expanded trial involving 1,000 people across two U.S. states.

But UC Berkeley public policy and economics professor Hilary Hoynes said interpretations of what constitutes success for a universal basic income pilot program vary. Will more individuals be able to shift toward jobs pursuing their interests with fewer worries about living paycheck to paycheck, or will fewer people work in the labor market all together - and is that a good thing?

Both programs in Finland and Canada have ended, with no plans to continue or expand.

Moreover, to implement a feasible universal basic income program, Hoynes said, policymakers and advocates would need to grapple with whether payments should be pegged to income levels – whether, when "you earn $20,000 or $60,000 or $100,000, (governments) start tapering out benefits," for example.

"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.

Nats' Zimmerman: Trying to win should be norm, not exception

Nats' Zimmerman: Trying to win should be norm, not exception Ryan Zimmerman finds it odd that so many teams now feel the need to announce they are trying to win. ''I try and win every day,'' the veteran Washington Nationals first baseman said Sunday. ''I think that's kind of the point of sports. That's kind of what the whole basis about professional sports is - you try and win. When you have teams actively saying that we're going to go into this free agent market in a win-now mode, I don't know that you should have to state that it's a win-now mode, but I guess that's where we're at.

This town will give 100 residents $ 500 a month for 18 months, no strings attached. The concept of Universal Basic Income has gained traction and support from some Silicon Valley leaders, including "We have a bunch of folks starting off life already behind, born into communities that don't have a lot

(Reuters) — Michael Tubbs, the 27-year-old mayor of Stockton, California , has a radical plan to combat poverty in his cash-strapped city: a " no strings " guaranteed basic income of Starting in early 2019, Tubbs plans to provide the monthly stipend to a select group of residents as part of a privately funded

Still, Hoynes said, there could be benefits to a pilot program such as SEED to better understand what recipients spend their money on, and the long-term effects of modest income increases on educational or employment decisions, in spite of its sample size and short duration.

Hoynes isn't convinced universal basic income will be the solution to mass unemployment spurred by an artificial intelligence revolution, but she does believe the concepts are helpful in discussions about wage stagnation among low-skilled workers.

For Samra, SEED is doing just that – fostering a dialogue to help reimagine social welfare and benefit programs for Americans.

"SEED has already contributed to that conversation and re-conceptualizing what dignity is and not tying to work," she said. "Around deservedness and the poor and the working poor."

SEED hopes to feature the stories of some recipients beginning in March. The program will run until August 2020.

Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com

Sheriff names 1 more victim of deadly California wildfire.
Authorities in Northern California have identified a woman who was killed by a 2018 wildfire the devastated a town and killed 85. The Butte County Sheriff's Office says 93-year-old Dorothy Lee-Herrera of Paradise died in the Camp Fire. Authorities officially identified Herrera Thursday, Feb. 21, 2019, but her family had previously said she died in her home along with her husband. (Arthur Lee via AP,File) PARADISE, Calif. — Authorities in Northern California have named another victim of a 2018 wildfire that devastated a town and killed 85.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!