California's 'foreclosure capital' to give away $500 a month to residents in experimental welfare program

A California city is set to become the first in the nation to embark on an experiment of Universal Basic Income, paying 100 residents $500 a month without any conditions. The program’s purpose is to eventually ensure that no one in Stockton, with a population of 300,000, lives in poverty. The receivers of the cash will be able to spend the money on anything they want without any strings attached. -- More...