Added: Shanda Goff - Date: 14.11.2021 08:20 - Views: 31419 - Clicks: 9364
Is Maggie Denang deserving of your money? How about Tomas Vargas Jr.? The experiment raises the question of whether Vargas and Denang are worthy of no-strings-attached cash, or whether anyone is, or everyone is. They would use the money to improve their lives, keep the bills paid, and plan for the future—and Stockton would benefit from a little economic stimulus as they did.
But the project has country-sized ambitions, not just neighborhood-sized ones. It wants to show the United States, in this age of late-capitalist excess, fear-stoking automation, polarized politics, and surging socialism, that individuals are the best judges of how to spend the resources that they have. Tubbs, and the Economic Security Project, a think tank and advocacy group focused on studying and promoting cash transfers in the United States.
SEED sent letters to a randomly selected group of households meeting those criteria, and then ed up a randomly selected group of individuals who responded. They were told to use the money however they wanted, with researchers studying how they fared and a group of participants agreeing to talk with the media about their lives starting this week.
Denang expressed shock at having the money fall from the sky. The money could not have come at a better time, she said.
The native of the Northern Mariana Islands had worked as a certified nurse assistant before health issues prompted her to retire and focus on her volunteer work at a local community center. As of last year, her husband was working in seafood processing in Alaska. Then, one day in June, she did not hear from him.
Three long, frightening days went by before a nurse called her to say that her husband had been medevaced to Anchorage, suffering from a kind of stroke. When she was reunited with him, she found a profoundly changed man, one still suffering today from ministrokes, paralysis, and problems with his speech and mobility.
Denang had no income. Her husband had no income. She added that she and her husband had not applied for all the government benefits they likely qualified to receive. For Vargas, the money was less of an insurance policy than a capital investment. A father and husband who works as a manager at a logistics company, Vargas told me he was using it on summer tutoring for Looking for money Stockton people children, and had plans to get another degree for himself and to create investments that would spin off passive income for the family. Both Vargas and Denang stressed again and again, openly and subtly, how careful they were with the funds.
Both had developed detailed plans for how to use the money and what to do when the payments stopped. Both stressed that they were spending only on necessities or investments. They understood, it seems to me, that there would be public scrutiny of the way people in Stockton used the money—just as there is public scrutiny of many public-benefit recipients. Vargas told me he was eager to talk to the media, to portray Stockton in a positive light and help people understand the experiment.
Denang said she supported these kinds of initiatives, but worried that if everyone got this kind of money, some would spend it on things like liquor. But what if the vast majority of people, given the chance, would be good stewards of helicopter money, like Denang and Vargas were?
What if public policy were predicated on that kind of trust and lack of judgment? SEED wants to make those what-ifs reality, showing that just giving people money would be a humane and cost-effective intervention, versus providing vouchers or Looking for money Stockton people stamps or complicated tax incentives. The concept—often described as a guaranteed income, unconditional cash transfer, or universal basic income—might sound far-fetched.
But it has ificant cachet in the Bay Area. I wrote about many of them in my book on the subject, Give People Money. And many Democrats are pushing for big cash policies, among them the senator and hopeful Kamala Harris.
Many states drug-test welfare recipients. The government limits what individuals can buy with food stamps or WIC funds no imported cheesefor instancewith a of state legislators pushing provisions that would stop families from buying luxuries such as steak and lobster as well as junk food.
But study after study has shown that cash transfers do not lead families to consume more vice goods, such as cigarettes and alcohol. When they get cash, people tend to act like Vargas and Denang do, in other words. Finances are so volatile and so personal. For Denang, that means groceries; for Vargas, an investment in better jobs and more education for the whole family. For each of us, something wildly different and changeable and unpredictable—something only cash, and trust, would help us find.
Popular Latest. The Atlantic Crossword. In Subscribe.Looking for money Stockton people
email: [email protected] - phone:(279) 201-4009 x 3042
The City That’s Giving People Money