{"id":46491,"date":"2017-10-23T10:27:12","date_gmt":"2017-10-23T14:27:12","guid":{"rendered":"http:\/\/ncrcdev.local\/?p=46491"},"modified":"2017-10-23T10:35:02","modified_gmt":"2017-10-23T14:35:02","slug":"bankruptcy-california-city-aims-basic-income","status":"publish","type":"post","link":"https:\/\/ncrc.org\/bankruptcy-california-city-aims-basic-income\/","title":{"rendered":"After bankruptcy, a California city aims for basic income"},"content":{"rendered":"

Three years ago, ravaged by the 2008 financial crisis and a seemingly endless wave of housing foreclosures<\/a><\/p>\n

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, the city of Stockton, Calif., was bankrupt.<\/p>\n

Next year, a random sample of the city’s 300,000 residents will get $500 per month with no strings attached.<\/p>\n

The project \u2014 known as the Stockton Economic Empowerment Demonstration (SEED) \u2014 will be, in a way, the purest expression to date of Silicon Valley\u2019s passion for basic income proposals, which many tech entrepreneurs and investors see as a necessary way to support Americans if artificial intelligence and other automation advances lead to unemployment for vast swaths of the population.<\/p>\n

To the tech world, basic income is a way to redistribute the vast wealth that Silicon Valley creates to poorer people and localities left behind. And what better place to start than by redirecting part of a Facebook fortune to Stockton, an overwhelmingly nonwhite exurb of the Bay Area that became the largest city in the US to declare bankruptcy during the financial crisis?<\/p><\/blockquote>\n

Source: Vox<\/a><\/p>\n

Photo by\u00a0Ramiro Mendes<\/a>\u00a0on\u00a0Unsplash<\/a><\/p>\n

online pharmacy buy lioresal online<\/a> with best prices today in the USA <\/div>\n","protected":false},"excerpt":{"rendered":"

Next year, if the mayor’s plans work out, some of the 300,000 residents of Stockton, Calif., will get $500 per month with no strings attached.<\/p>\n","protected":false},"author":926,"featured_media":46493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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year, if the mayor's plans work out, some of the 300,000 residents of Stockton, Calif., will get $500 per month with no strings 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