'Guaranteed Income' Schemes Picking Up Steam

'Guaranteed Income' Schemes Picking Up Steam

"With close to 30 million Americans still unemployed and thousands of businesses facing an uncertain future, calls for a “guaranteed income” are becoming louder. 
Guaranteed income is giving cash to people who need it because they’re living in poverty.
It should not be confused with a “Universal Basic Income,” which is money given to everyone regardless of employment situation or wealth.
...Proponents of guaranteed income aren’t concerned with statistics or whether people living in poverty find a job. 
For them, it’s all about the Benjamins and social justice.
NBC News:

“COVID-19 has shone a bright, hot light on our systemic failures,” said Mayor Libby Schaaf of Oakland, California. “Oakland has seen more than a doubling in homelessness, and I am terrified that once these eviction moratoriums expire, we will see a homelessness armageddon.”

Schaaf is another signatory of the Mayors for Guaranteed Income statement of principles. Her city was once thought of as the working-class sibling to San Francisco. In recent years Oakland has become unaffordable for many who’ve called it home for generations: Along with rising homelessness, gentrification is in overdrive, the poverty rate is creeping toward 20 percent, and a housing crisis looms ever larger. Schaaf says a guaranteed income is “powerful in its simplicity.”

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