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Title : Broke Chicago Considering Testing Guaranteed Basic Income Program
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Broke Chicago Considering Testing Guaranteed Basic Income Program

My legislation calling for the creation of a Chicago #UniversalBasicIncome airplane pilot has 36 co-sponsors! On to the Commitee on Workforce Development in addition to Audit. Committee chair @40thWard is likewise a sponsor. More soon! #UBI pic.twitter.com/W7D5Hbx31E

— Ameya Pawar (@Ameya_Pawar_IL) June 27, 2018

Chicago could live the largest urban pith inwards the U.S. of A. to airplane pilot a universal basic income computer program if the urban pith council gets its way, reports Breitbart.

Chicago Alderman Ameya Pawar introduced legislation that would fix aside urban pith regime funds to ambit 1,000 families a guaranteed $500 monthly stipend amongst no restrictions or weather condition for receiving the money, the Intercept reports.

According to Truth inwards Accounting.it's complicated merely Chicago's fiscal province of affairs is a mess:

The city’s overall reported fiscal status continued to deteriorate, fifty-fifty afterwards specially bad years reported for 2015 in addition to 2016. The city’s reported expenses exceeded fees, grants, in addition to full general revenues (taxes), past times near $1 billion, inwards describe of piece of job amongst results inwards 2012-2014. That loss (in the income statement, called the “Statement of Activities”) was consistent amongst a continued turn down inwards the cyberspace seat on the residue sail (the “Statement of Net Position”).

What a dandy fourth dimension to mitt out coin to residents.

#EconomicMadness

-RW 

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