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  • DAVID: SO IMAGINE GETTING 500

  • BUCKS EVERY MONTH JUST FOR

  • EXISTING.

  • NO STRINGS ATTACHED THAT'S EXACT

  • LY WHAT SOME PEOPLE IN THE

  • TOWN IN CALIFORNIA WILL GET TO

  • EXPERIENCE AS PART OF A TEST OF

  • SOMETHING CALLED UNIVERSAL BASIC

  • INCOME.

  • FOX NEWS IS IN STOCKTON WITH THE

  • DETAILS.

  • CLAUDIA?

  • >> REPORTER: WELL, DAVID THE

  • PLAN IS TO GIVE SOME OF STOCKTON

  • 'S POOREST FAMILIES AS

  • YOU MENTIONED $500 A MONTH FOR A

  • YEAR TO SEE IF THAT CAN LIFT

  • THEIR SPIRITS AND PUT THEM ON A

  • PATH TO PROSPERITY.

  • >> IF YOU GET PEOPLE A BASE

  • AMOUNT THAT THEY'RE RECEIVING

  • REGULARLY, THAT CAN REALLY BE A

  • HANDOUT, THAT HELPS THEM TO

  • REALLY GAIN THEIR OWN ECONOMIC

  • SUCCESS GOING FORWARD.

  • >> REPORTER: IT IS A REAL WORLD

  • DEMONSTRATION OF UNIVERSAL BASIC

  • INCOME PAYING PEOPLE JUST FOR

  • BEING ALIVE.

  • IT'S A POPULAR CONCEPT IN

  • SILICON VALLEY AMID FEARS THAT

  • AUTOMATION WILL WIPE OUT JOBS,

  • AND A TECH-BASED NON-PROFIT IS

  • FUNDING STOCKTON'S CASH GIVE

  • AWAY THROUGH A $1 MILLION GRANT,

  • EVEN SO CRITICS SAY PAY SHOULD

  • BE EARNED AND POINT OUT BASIC

  • INCOME IS STILL A FORM OF

  • WELFARE.

  • SOME ECONOMISTS SAY GIVING OUT

  • FREE MONEY TO BE A DISINCENTIVE

  • TO WORK BUT HERE IN STOCKTON

  • WHICH HAD TO DECLARE

  • BANKRUPTCY IN 2012 AND WHERE ONE

  • IN FIVE RESIDENTS IS

  • STATISTICALLY POOR MANY

  • RESIDENTS TOLD US AN EXTRA $500

  • A MONTH WOULD BE A BIG HELP.

  • >> I WOULD DEFINITELY SPEND IT

  • IN MY COMMUNITY JUST SO IT GOES

  • BACK TOWARDS THE COMMUNITY MAYBE

  • BUYING LOCAL, FRUITS, VEGETABLES

  • >> PAY OFF BILLS.

  • >> IT WILL HELP A LOT ESPECIALLY

  • FOR THE DIVORCE RATE AND FOUR

  • CHILDREN THAT'S A LOT OF HELP

  • FOR ME TO PAY MY BILLS.

  • >> I WOULD ACTUALLY TAKE MY

  • CHILDREN ON A TRIP TO DISNEYLAND

  • >> REPORTER: TAKE THE KIDS TO

  • DISNEYLAND, WHY NOT.

  • THE RECIPIENTS CAN SPEND MISS

  • MONEY HOWEVER THEY LIKE NO

  • STRINGS ATTACHED MANY OF THE

  • FINER DETAILS HAVE YET TO BE

  • RELEASED LIKE WHO GETS THIS

  • MONEY AND HOW THEIR SPENDING

  • HABITS WILL BE TRACKED AT THE

  • END OF THE YEAR-LONG

  • DEMONSTRATION WE'LL HEAR FROM

  • THE LUCKY RECIPIENTS FIRSTHAND

  • TO FIND OUT IF THE CASH WAS

  • ENOUGH TO BOOST THEIR CONFIDENCE

  • AND TO GO "STOCKTON'S POVERTY AS

  • ORGANIZERS CLAIM AND THIS PILOT

  • PROGRAM GETS UNDERWAY THIS FALL.

  • DAVID: I LIKE THAT ONE HONEST

  • GUY WHO SAID I'D GO TO DISNEY

  • LAND WITH THE KIDS AT

  • LEAST HE WAS ONE HONEST GUY,

  • CLAUDIA THANK YOU VERY MUCH.

  • LAUREN?

  • >> LAURA: LAUREN: THAT WOULD BE

  • LIKE ONE DAY, A FAMILY OF FOUR,

  • $530 NOT INCLUDING PARKING I

  • DIGRESS LET'S BRING IN BACK

  • CONSERVATIVE COMENTATOR AND

  • ROBIN FORMER OBAMA CAMPAIGN

  • REGIONAL FIELD DIRECTOR.

  • WHAT DO YOU GUYS THINK OF

  • UNIVERSAL BASIC INCOME, GOOD

  • IDEA KRISTIN?

  • >> WELL ACTUALLY, ON THE BROADER

  • SCALE UNIVERSAL BASIC INCOME IS

  • SOMETHING THAT CONSERVATIVE

  • ECONOMISTS HAVE ALSO PROPOSED

  • BUT THE CONCEPT BEING WHEN YOU

  • GIVE UNIVERSAL BASIC INCOME FROM

  • THE FEDERAL GOVERNMENT, IT'S

  • SOMETHING THAT ELIMINATES ALL

  • OTHER WELFARE PROGRAMS SO ALL

  • OTHER ENTITLEMENT PROGRAMS SO

  • YOU'RE JUST GIVING PEOPLE THAT U

  • BI, SO IT IS SOMETHING THAT

  • PEOPLE HAVE PROPOSED WITH

  • INCREASING AUTOMATION AND

  • GLOBALIZATION AND LOWER WAGES

  • PEOPLE WORKING MULTIPLE JOBS A

  • WAY TO ACTUALLY SUSTAIN THE

  • ECONOMY AND ALSO ENFORCE ANOTHER

  • CONSERVATIVE PRINCIPLE WHICH WE

  • LEAVE SPENDING TIME WITH FAMILY

  • BUILDING COMMUNITIES THAT TIME

  • CAN BE BETTER SPENT INSTEAD OF

  • MAKING MINIMUM WAGE IT CAN BE

  • BETTER INVESTED IN FAMILY AND

  • COMMUNITIES SO THIS IS ACTUALLY

  • SOMETHING ON A BROADER SCALE

  • MIGHT 10-15 YEARS DOWN THE ROAD

  • THAT WE DISCUSS BUT IN THIS

  • EXPERIMENT $500 A MONTH EXTRA IS

  • NOT ENOUGH TO GET ANY REAL

  • RESULTS AND AS YOU SAW THERE

  • IT'S NOT GOING TO INCENTIVE

  • INCENTIVIZE PEOPLE TO SAVE THIS

  • MONEY OR INVEST IT IN A WAY TO

  • HELP THEIR CAREER.

  • LAUREN: I LIKE THE SPIN SILICON

  • VALLEY PUTS ON THIS ROBIN, MARK

  • ZUCKERBERG HAS BEEN ON THE

  • RECORD AND SAID THIS IS A WAY

  • THAT YOU CHASE YOUR DREAMS,

  • YOU'LL HAVE A CUSHION SO YOU CAN

  • GO ABOUT AND DO WHATEVER IT IS

  • YOU REALLY WANT TO DO.

  • DO YOU BUY THAT OR DO YOU THINK

  • THAT'S A LITTLE BIT OF GUILT FOR

  • THE PEOPLE WHO CREATE THE ROBOTS

  • AN THE ARTIFICIAL INTELLIGENCE

  • AND EVERYTHING ELSE THAT

  • BASICALLY STILL ARE HUMAN JOBS?

  • >> YOU KNOW I SEE EXACTLY WHERE

  • YOU'RE GOING AND I CAME OUT IN

  • FULL DISCLOSURE AGAINST THIS

  • POLICY WHEN MARK ZUCKERBERG DID

  • PUT THIS OUT AS A NATIONWIDE

  • PROGRAM POTENTIALLY AND HE WAS

  • FIELDING A POTENTIAL 2020 RUN

  • HIMSELF WHEN HE WAS DOG THE 50

  • STATE TOUR, SO I CAME OUT

  • AGAINST THAT BUT I WANT TO SAY

  • THAT A STUDY WAS JUST RELEASED

  • YESTERDAY WHICH I FOUND

  • FASCINATING BECAUSE WE ALREADY

  • SORT OF HAVE THIS IN ALASKA WITH

  • THE ALASKA PERMANENT FUND IT'S A

  • $61 BILLION PROGRAM THAT'S

  • FUNDED FROM OIL MONEY AND SO

  • ALASKA RESIDENTS ALL OF THEM GET

  • SOME FORM OF A BASIC INCOME OFF

  • OF THAT AND I WANT TO POINT OUT

  • THAT THE STUDY RELEASED

  • YESTERDAY SHOWED EMPLOYMENT WENT

  • UP BY 17% AND THAT PEOPLE

  • ACTUALLY TOOK ON ADDITIONAL

  • EMPLOYMENT SO I'M CURIOUS TO SEE

  • HOW THIS EXPERIMENT GOES.

  • LAUREN: THAT IS A VERY GOOD

  • POINT BECAUSE THE WAY OUR

  • WELFARE SYSTEM WORKS NOW, IF YOU

  • MAKE TOO MUCH MONEY, THEY

  • PULLBACK WHAT YOU GET.

  • IF THERE'S NO STRINGS ATTACHED

  • HERE, THIS COHEN COURAGE PEOPLE

  • TO WORK EVEN MORE AND INCREASE

  • EMPLOYMENT.

  • >> IT ABSOLUTELY COULD BUT AT

  • THE END OF THE DAY IT'S GOING TO

  • SOUND LIKE FREE MONEY TO A LOT

  • OF PEOPLE.

  • YOU HAVE TO HAVE THE PERSONAL

  • RESPONSIBILITY, THERE ARE SKILLS

  • THAT HAVE YOU TO HAVE AS A

  • PERSON TO BE ABLE TO USE THAT

  • MONEY WISELY SO IT DOESN'T

  • MATTER IF YOU GET 500 OR 500,000

  • THAT MONEY COULD BE GONE IN TWO

  • DAYS IF YOU DON'T KNOW HOW TO

  • HANDLE IT.

  • LAUREN: HOW MUCH MONEY DO YOU

  • GUYS THINK WOULD REALLY BE

  • NEEDED TO MAKE THIS WORK

  • NATIONWIDE.

  • ROBIN WHAT DO YOU THINK?

  • >> OH, MY GOODNESS WELL $500

  • AIN'T GOING TO CUT THE MUSTARD

  • IN CALIFORNIA I CAN TELL YOU

  • THAT MUCH.

  • >> OR NEW YORK.

  • >> NO EXACTLY IT'S ANYONE'S

  • GUESS.

  • LAUREN: ECONOMISTS HAVE THROWN

  • AROUND THE NUMBER ABOUT $40,000

  • A YEAR AS SOMETHING THAT THEY'VE

  • PROPOSED BUT WE'RE A LONG WAY

  • FROM THAT AT THIS POINT.

  • LAUREN: AND SILICON VALLEY IS

  • GOING TO USE THEIR PRIVATE MONEY

  • TO FUND THAT.

  • >> ON MILLIONS OF DOLLARS OF

  • CASH SO APPLE CAN --

DAVID: SO IMAGINE GETTING 500

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