Large American Citys Basic Income Pilot to Distribute $3.6 Million Unconditionally

Large American Citys Basic Income Pilot to Distribute $3.6 Million Unconditionally


California City Launches Basic Income Pilot, Giving Out $3.6 Million

An initiative was known Rise Up Alameda in a California city with 76,000 residents is set to distribute $3.6 Million to individuals with no conditions attached, as part of a basic income pilot program. The project intends to examine whether regular cash handouts can effectively reduce economic instability and fight poverty. The money can be used for any personal expenses such as groceries, school, car payments, and gas money. The Alameda City Council utilized $4.6 Million from the American Rescue Plan Act to fund the program, and applicants with an annual household income at or below 50% of the Area Median Income (AMI) are eligible to apply. The signup process will end on September 18th, and participants will be chosen through a randomized lottery.

READ NOW
Gemini Allegedly Withdraws $280 Million Prior to Genesis Bankruptcy Filing

Hot Take

Alameda’s basic income pilot program demonstrates a commitment to exploring innovative solutions to economic instability and poverty. By providing unconditional cash handouts, the initiative intends to empower individuals to address their immediate needs and improve their financial well-being. This pilot, along with other programs across the United States, outlines the growing interest in basic income as a probable safety net for those facing financial hardships. The initial results from similar trials in Denver indicate that basic income programs can alleviate financial stress and assist cover basic necessities. As discussions around universal basic income continue to evolve, these pilots offer valuable insights into the  capacity advantages of this approach.

Author – Contributor at | Website

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding.

READ NOW
Marathon Digital Acknowledges Mining an Invalid Bitcoin Block
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend