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Chicago Could Become the First Large City to Start Universal Basic Income!

Article by Bryan Howard

July 17, 2018

Chicago Lawmaker Ameya Pawar is proposing for Chicago to pass a Universal Basic Income, regardless of employment status or willingness to work. This proposal has been signed by 36 top politicians in Chicago to be sent for review by Chicago mayor, Rahm Emanuel.

The bill would provide 1,000 families with a $500-per-month stipend, “no questions asked,” Fox News reports.

“Nearly 70 percent of Americans don’t have $1,000 in the bank for an emergency,” Pawar said. “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.”

The trial run of the bill will cost the tax payers in the city 6 million dollars. However, when it becomes enacted for all 2.7 million Chicago citizens it will cost the tax payers 16.2 billion dollars a year. Currently Chicago is 63 billion dollars in debt and unable to pay their current bills.

Illinois is already close to becoming the first State ever to declare bankruptcy. If this bill is passed it will speed up the process towards Illinoi declaring bankruptcy.

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