Residents to get $500 a month, no questions asked, as starting point The mayor of Stockton, California, is leading an experiment with “universal basic income,” which is set to start by giving low-income residents $500 a month, no questions asked. Mayor Michael Tubbs calls his city “ground zero” for issues like wage stagnation, rising housing prices and loss of middle-class jobs that affect the nation. The Central Valley city went bankrupt in 2012, and for decades it has been trying to diversify its agriculture-based economy. “I feel that as mayor it’s my responsibility to do all I could to begin...