Chicago may soon become the largest municipality in the U.S. to test a universal basic income program.
Chicago alderman Ameya Pawar recently proposed legislation that would provide 1,000 families with a $500 monthly stipend-- no questions asked. The bill already has the backing of the majority of city lawmakers, and Pawar hopes to soon work with Mayor Rahm Emanuel to implement the pilot program, The Intercept reported.
“Nearly 70 percent of Americans don’t have $1,000 in the bank for an emergency,” Pawar told the outlet. “UBI could be an incredible benefit for people who are working and are having a tough time making ends meet or putting food on the table at the end of the month.”
My legislation calling for the creation of a Chicago #UniversalBasicIncome pilot has 36 co-sponsors! On to the Commitee on Workforce Development and Audit. Committee chair @40thWard is also a sponsor. More soon! #UBI pic.twitter.com/W7D5Hbx31E
— Ameya Pawar (@Ameya_Pawar_IL) June 27, 2018
Pawar campaigned to earn a slot on the ballot for Illinois governor, but withdrew his name from contention after being outspent by his opponents, the outlet reported.
In addition to the $500, the bill would adjust the Earned Income Tax Credit program to allow the families to put their tax credit toward their monthly mortgage payment, according to the outlet.
Pawar cited automation, with companies such as Amazon, Tesla and other car manufacturers investing in the technology as having the potential to disrupt millions of jobs, that in turn would lead to more political destabilization, according to the outlet.
MOAR:
http://www.foxnews.com/us/2018/07/17/chicago-could-soon-test-universal-basic-income-program.html