Posted on 07/17/2018 2:29:33 PM PDT by Red Badger
Chicago may soon become the largest municipality in the U.S. to test a universal basic income program.
Chicago alderman Ameya Pawar recently proposed legislation that would provide 1,000 families with a $500 monthly stipend -- no questions asked. The bill already has the backing of the majority of city lawmakers, and Pawar hopes to soon work with Mayor Rahm Emanuel to implement the pilot program, The Intercept reported.
“Nearly 70 percent of Americans don’t have $1,000 in the bank for an emergency,” Pawar told the outlet. “UBI could be an incredible benefit for people who are working and are having a tough time making ends meet or putting food on the table at the end of the month.”
Pawar campaigned to earn a slot on the ballot for Illinois governor, but withdrew his name from contention after being outspent by his opponents, the outlet reported.
In addition to the $500, the bill would adjust the Earned Income Tax Credit program to allow the families to put their tax credit toward their monthly mortgage payment, according to the outlet.
Pawar cited automation, with companies such as Amazon, Tesla and other car manufacturers investing in the technology as having the potential to disrupt millions of jobs, that in turn would lead to more political destabilization, according to the outlet.
(Excerpt) Read more at foxnews.com ...
Rushing to bankruptcy even sooner
How would they select those who receive this free money on a test basis? Are they prepared for the riots that will ensue, when some are declined and feel that they are victims of some racism or other slight?
Drugs and booze sales soar.
Sounds like some election promise that will be broken.
Time to up my investments in spinny rims, liquor, weave, and processed foods
Good time to get twenty Bogus IDs and move there
Go full Marxist. Make Chicago businesses pay for it.
Let me think, sure that makes sense, give people money no questions asked. Sick leftist jerks.
1000 x $500 = $500,000 per Month
500,000 x 12 = $6,000,000 per Year
Where will that $6M come from?.......................
“How would they select those who receive this free money on a test basis? “
Easy: “Hold out your arm! Is is Black? Yes? You get the money, No? You’re SOL!”
The test will occur right after the test on their perpetual motion electricity generator. (Politicians are as stupid on social matters as they are on science, ya know.)
OK, OK, they are stupid on everything.
Oh goody...even more homicides.
Don’t forget to give them all $1000 so they can have a savings account of a $1000.
George McGovern lost in a landslide with a platform of giving everyone money. Now we have kooks implementing this.
Before they can give it away, they have to take it from someone who earned it, to give it to someone who didn’t........................
Wonder which liberal source will be first to “explain” how this will solve the violence problem.
$500 buys a lot of skittles and purple drank!
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