Guaranteed income has long been proposed as a solution for Americans’ financial woes. The idea has increasingly been placed into practice; guaranteed income programs have been started in 48 cities nationwide since 2020, according to Mayors for a Guaranteed Income (MGI), a network supporting such programs.
Funding for guaranteed income programs has come both from taxpayer support and private contributions. In 2020, Jack Dorsey, the former chief executive of Twitter, donated $15 million to MGI.
The New York Times reports that California has become “the epicenter of the movement.” In Los Angeles, the guaranteed income program — primarily taxpayer-funded — benefits 3,200 people who have at least one child and an annual income below the federal poverty level. In Oakland, California, a privately-funded organization pledged to give 600 low-income families $500 for 18 months. In San Diego, a nonprofit group will give certain families with young children $500 a month for two years.
“When you provide resources to families that are struggling, it can give them the breathing room to realize goals that many of us are fortunate enough to take for granted,” Los Angeles Mayor Eric Garcetti said when he announced the launch of his city’s program.
Last year, according to The New York Times, California set aside $35 million over five years for other cities to carry out their own pilot programs.
Instead of giving away $15 million, why not start a business that can get these people jobs? Continuing the endless cycle of government dependence.
Another slush fund for somebody to steal from….