Stockton plans to give several dozen families $500 a month for a year as part of a program to study the economic and social impacts of giving people a basic income.
The so-called “SEED” project will give a small group of low-income residents a modest, no-strings-attached monthly income. Funded by a million-dollar private grant from a tech group called the Economic Security Project — co-led by Facebook co-founder Chris Hughes — SEED creates a real-world research model of what’s known as universal basic income.
The yearlong program will track what residents do with the money and how having a universal basic income affects their self-esteem and identity.
Stockton mayor Michael Tubbs is coordinating the effort in his city of 300,000 people where 1 in 4 residents lives below the poverty line.
“They were looking for a city to pilot what would a ‘basic income’ look like? And what could that do for people’s lives,” the mayor said.
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