Can Oakland Afford A Universal Basic Income Program?
Can Oakland Afford A Universal Basic Income Program?
Universal Basic Income, or what we used to call a Guaranteed Minimum Income, is gaining steam as a way to help combat unemployment and under-employment.
Stockton, Ca. has a pilot program using $1 million, and there’s another such program in West Oakland, but can Oakland can afford such an initiative.
Well, it depends. If Oaklanders believe that all homes should get a monthly check, then the annual price tag is just north of $570 million if we spend $3,600 per household per month.
If we have a smaller household population, then it’s more affordable from the perspective of a parcel tax.
Whatever the case, it’s a debate Oakland should have.
Stay tuned.
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Zennie Abraham | Zennie Abraham or “Zennie62” is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.