Topic: Michael Tubbs

Former Stockton Mayor Michael Tubbs discussed the success of guaranteed basic income pilots, claiming they reduce stress and improve health without discouraging work. Proponents suggest UBI could serve as a "21st-century Social Security" funded by cannabis taxes or closing tax loopholes. Critics argue these programs are a precursor to the implementation of central bank digital currencies (CBDCs).

Stockton, California, is preparing to launch a Universal Basic Income (UBI) pilot program that offers residents $500 per month with no strings attached. Despite the city's history of bankruptcy, officials intend to use the experiment to spur population growth and economic stability. The hosts question the financial viability of the program given the city's existing budget deficits.