Tag Archives: Stockton

Mayor of bankrupt Stockton wants to hand out $6000 to every resident

California madness: The 26-year-old mayor of Stockton, California, which went bankrupt in 2012, wants to give every resident $6000 no questions asked.

Stockton is experimenting with a welfare program called “universal basic income,” which gives low-income residents $500 a month, no questions asked. The money is coming from a private grant. The California city, which went bankrupt in 2012, has recently made strides to become more economically viable, but is still struggling.

Mayor Tubbs, who was endorsed by Barack Obama, took office in January 2017. He is Stockton’s first black mayor, and its youngest-ever at age 26. “I feel that as mayor it’s my responsibility to do all I could to begin figuring out what’s the best way to make sure that folks in our community have a real economic floor,” Tubbs said.

Now we have an idea why the city went bankrupt. The money is coming from a private grant, but I guarantee it will not have the results the mayor expects.