LA to give $1000/mo to select families in poverty. How much can guaranteed basic income change their lives?
Amy Castro of the School of Social Policy & Practice spoke about the importance of universal basic income programs. “Needs are flexible, and the only thing that’s as flexible as needs is cash,” she said. “You can’t budget your way out of poverty. If you could, all this money that’s been poured into financial literacy would have resulted in upward mobility. And it hasn’t.”