Basic Income for 100 Stockton Residents will be smaller than Oprah 276 car giveaway

The City of Stockton went bankrupt in 2012 and it now has a budget of $626 million.

A random sample of the 300,000 residents of Stockton, a port city in California’s Central Valley, will get $500 per month ($6,000 a year) with no strings attached.

It’s the latest test of the basic income policy. It is funded from philanthropy. The first $1 million in funding comes from the Economic Security Project, a pro-basic income advocacy and research group co-chaired by Facebook co-founder and former New Republic publisher Chris Hughes and activists Natalie Foster and Dorian Warren; Hughes provided the group’s initial funding. Stockton Mayor Michael Tubbs hopes to launch the basic income project as early as August 2018.

The project — known as the Stockton Economic Empowerment Demonstration (SEED).

The lucky winners will get the $6000 per year for three years.

The Mayor of Stockton, Tubbs, hopes to have 100 people in the program. This will require raising another $1 million to cover the additional $800,000 and for the costs of running the program.

The 100 people getting $18000 over three years will be a slightly smaller giveaway than when Oprah gaveaway 276 new cars.

Oprah kicked off her 19th season in dramatic fashion by giving all 276 members of the studio audience a free car.

As of 2017, the only well established and ongoing cash transfer programs akin to a basic income are the Permanent Fund of Alaska in the United States and Bolsa Família in Brazil. Additionally, several other countries have tested, implemented, or begun planning the following basic income experiments:

Experiments with negative income tax in United States and Canada in the 1960s and 1970s.
A town in Manitoba, Canada experimented with a basic guaranteed income in the 1970s
The Basic Income Grant (BIG) in Namibia, launched in 2008
An independent pilot implemented in Sao Paulo, Brazil
Several villages in India participated in basic income trial, while the government has proposed a guaranteed basic income for all citizens.
The GiveDirectly experiment in Nairobi, Kenya, which is the biggest and longest basic income pilot as of 2017.
A study undertaken in rural North Carolina in the U.S.
The city of Utrecht in the Netherlands launched an experiment in early 2017 that is testing different rates of aid.
Ontario, Canada will implement a basic income trial in summer 2017.
The Finnish government implemented a two-year pilot in January 2017 involving 2,000 subjects.
Eight, a nonprofit organization, launched a project in a village in Fort Portal, Uganda in January 2017, providing income for 56 adults and 88 children through mobile money