A network of mayors have formed a coalition in support of universal basic income and they just received huge backing from Twitter CEO Jack Dorsey, who donated an additional $15 million to the cause.
Dorsey previously donated $3 million to the initiative run by the organization called Mayors for a Guaranteed Income.
Stockton, California Mayor Michael Tubbs, started the pilot program last year before the pandemic affected the U.S. and since then several more have begun pilot programs of their own or have them slated to begin in 2021.
What the research has found is that when given a basic income floor, people spend the money in much the same way as higher income earners: to pay for things like housing, food, and this year, necessities needed to stay safe during the pandemic.
Tubbs said data collected "signaled a system error" in how the government ensures each person has the means to survive.
"The fact that you have all of us mayors calling folks in the private sector to make sure that our constituents have the basic necessities needed to live with dignity is actually abhorrent and unacceptable," he told Cheddar.
Stockton identified 125 residents who made less than the city's median income and selected them to receive $500 per month for 18 months from the local government. Since the onset of the pandemic, Tubbs has been able to extend the program in his city through January 2021.
While the program started in Stockton, where the population is just over 310,000 residents, Tubbs said it is possible for the same program to flourish in a larger city like New York, so long as the government is willing to intervene.
"Basic income could be piloted in cities, but to get to scale the federal government has to step up. And I think we forget that there is precedent for this. In 1935, during a Great Depression, FDR came up with the idea of unemployment insurance and social security, which were big federal expenditures, which met the moment, however," Tubbs explained.
The current program is open to all cities, and mayors can apply for up to $500,000 to allocate among residents.
The hope is that with enough collected data through the Center for Guaranteed Income Research at the University of Pennsylvania, Tubbs and the coalition of mayors can provide Congress with tangible proof that financially empowering those without means is not only good for morale but a significant boost to the economy as well.
"The idea behind the pilot is to really push action on a policy level to show that it's not scary. To show that the majority of the American people understand the economy is not working for working people," Tubbs said.
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug