The city of Stockton, California filed for bankruptcy six years ago because of “years of fiscal mismanagement.” As you might guess, they’ve learned nothing:
A California city plagued by financial woes is testing a new welfare plan to give families a “universal basic income” of $500 every month.
While critics question whether this is the best move in post-bankruptcy Stockton, for now the program is being funded with private money — as a possible first step toward expanding a concept touted by tech CEOs.
“I think it will make people work better and smarter and harder and also be able to do things like spend time with their families because we’re not robots. We’re not just designed just to work all day and run a rat race,” Mayor Michael Tubbs told NPR.
The plan is mostly funded by The Economic Security Project, which is contributing $1 million to the yearlong pilot. Several-dozen families will be given $500 a month, and monitored to see what they do with the money and how it affects self-esteem and identity.
It’s private money at first, but after that dries up and people are accustomed to the entitlement, what happens then? Well, progressives pols will probably have to borrow to cover that entitlement nut followed by another declaration of bankruptcy at some point — and then blame Trump and climate change for their problems. Insane.