Guaranteed income programs spreading across the US

Guaranteed income has long been proposed as a solution to Americans’ financial problems. The idea was increasingly put into practice; Guaranteed income programs have been launched in 48 cities across the country since 2020, it said Mayor for a guaranteed income (MGI), a network supporting such programs.

Funding for guaranteed income programs comes from both taxpayer support and private contributions. In 2020, Jack Dorsey, the former CEO of Twitter, donated $15 million to MGI.

The New York Times reports that California has become the “epicenter of the movement.” In Los Angeles, 3,200 people who have at least one child and an annual income below the federal poverty line benefit from the guaranteed income program — mostly from taxpayers’ money. In Oakland, California, a privately funded organization pledged Giving $500 for 18 months to 600 low-income families. In San Diego, a.s nonprofit group will give certain families with young children $500 a month for two years.

“When you provide resources to families who are struggling, you can give them breathing space to achieve goals that many of us are fortunate to take for granted,” said Los Angeles Mayor Eric Garcetti said when he announced the launch of his city’s program.

According to the New York Times, California last year committed $35 million over five years for other cities to run their own pilot programs.

Cities from Atlanta to Minneapolis to Denver have also tested some form of guaranteed income.

Support for some form of guaranteed income or universal basic income (UBI) comes from across the political spectrum. 2016 progressive former labor leader Andy Stern and conservative author Charles Murray Both wrote separate books suggesting a UBI of between $12,000 and $13,000 per year. In Murray’s vision, UBI would serve as a lean alternative to the current bureaucratic welfare state. Stern believes the UBI is necessary to face a future in which much work will be automated and human labor will be dispensable.

The guaranteed income idea gained momentum in 2020 when Andrew Yang introduced a similar scheme core his presidential campaign.

Opponents of guaranteed income programs argue that they are unsustainable and counterproductive. Oren Cass, executive director of American Compass, a conservative-leaning think tank, said the problem is with such programs the “Sustainable and societal provision for all would destroy fundamental elements of the social contract and create false incentives for people’s decisions about their life path.”

https://www.theblaze.com/tag/guaranteed-income-programs-spreading-across-us Guaranteed income programs spreading across the US

Laura Coffey

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