Business Insider
A group of Democratic lawmakers wants to test a new kind of social safety net: a monthly paycheck provided by the federal government to spend however you want.
New Jersey Rep. Bonnie Watson Coleman said she is reintroducing a bill to establish a three-year guaranteed basic income pilot program that would offer a cohort of Americans across the country a no-strings-attached monthly payment — enough to cover rent for a two-bedroom home.
“Events like the Coronavirus Pandemic, economic fluctuations, and increasing automation and job losses threaten to wipe out what little savings they have, to finally push them to homelessness, to reinforce the fact that in the wealthiest nation in the world, too many families are just a single mishap away from financial devastation,” Watson Coleman said in a press release.
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