Universal Basic Income has been a ‘lifesaver’ to families during coronavirus pandemic: California mayor

Universal basic income (UBI) has been a “lifesaver” for households participating in UBI pilot programs, Mayor Michael Tubbs told Yahoo Finance. The Stockton, Calif. mayor is the founder of Mayors for a Guaranteed Income, a program that provides $500 a month to families in dozens of cities around the United States and was originally slated to end in July. The program recently received a sizable boost after Twitter (TWTR) CEO Jack Dorsey donated $15 million to the initiative.
Read more: https://finance.yahoo.com/news/universal-basic-income-has-been-a-lifesaver-to-families-during-coronavirus-pandemic-130418531.html?source=Snapzu