Los Angeles Mayor announces pilot of $1k a month universal basic income

Los Angeles Mayor Eric Garcetti has proposed $1,000 in Universal Basic Income for 2,000 families a year.

Those funds could be used however the families please.

“We’re betting that one small but steady investment for Angeleno households will pay large dividends for health and stability across our city and light a fire across our nation,” Garcetti tweeted on Monday, announcing the new plan with a nod to Dr Martin Luther King who, as part of the civil rights movement, called for guaranteed income programs that would work to eradicate poverty.

“We’re showing what it takes to fulfill Dr King’s call for a basic income once and for all.”