What’s the point in busting your butt and putting in overtime, or even going out and starting your own business when this is coming!
Universal basic income (UBI) has been a “lifesaver” for households participating in UBI pilot programs, Mayor Michael Tubbs told Yahoo Finance.
The Stockton, Calif. mayor is the founder of Mayors for a Guaranteed Income, a program that provides $500 a month to families in dozens of cities around the United States and was originally slated to end in July. The program recently received a sizable boost after Twitter (TWTR) CEO Jack Dorsey donated $15 million to the initiative.
“People have told us that the $500 has made it so that they’re able to have enough food in their home since their kids are home all day,” Tubbs explained.“Another lady told us that the $500 was a lifesaver because while she qualified for unemployment insurance after she was laid off, it took three months for that check to arrive.”
Tubbs said the stories from families had made him such an “evangelist,” not just for the pilot program, but for UBI as a national economic policy.
“I’ve seen how it’s been a matter of economic life or death for so many of my constituents who did not create COVID-19, who did not ask to be laid off from their job, who did not ask for their hours to be cut and just need a little bit of help to do what’s necessary to stay healthy,” he said.