dChan
Anonymous ID: 97e66c Feb. 9, 2019, 5:40 p.m. No.5098670   🗄️.is 🔗kun   >>8692 >>8708

Chicago Mayor Proposes Paying 1,000 Residents $1,000 A Month "With No Strings Attached"

 

When it comes to US cities in dire financial straits, one stands out: the one that has the nation's leading murder rate, dreary lake-effect weather, endemic corruption and financial mismanagement. It is also the city that experienced the highest daily population exodus in the US (following by and New York and Los Angeles), losing 156 residents a day (strictly due to migration, not murder in case there is confusion) a day in 2017. We are talking of course, about Chicago.

 

Chicago is also the city that has the country's bleakest retirement future, as each Chicagoan would have to pony up $140,000 to make the city's pension system solvent.

 

If that wasn't enough, Chicago is resorting to outright ponzi schemes to fund itself, proposing the issuance of $10 billion in debt to "fund" the $28 billion shortfall in the pension fund that goes toward the police, firefighters and other municipal employees.

 

So within this fortress of fiscal rectitude, what is Chicago's next plan? Why to literally hand out money.

 

According to ABC 7 Chicago, select Chicago families could start collecting a $1,000 check every month with no strings attached, according to a new proposal from a task force created by Mayor Emanuel.

 

The purpose of the pilot program proposed by the "Chicago Resilient Families Task Force", which is the latest incarnation of the "basic income"/helicopter money utopia that has gripped America's left in recent months, despite glaring examples on the global arena that basic income simply does not work to boost overall living standards, is a noble one - to break the cycle of poverty by giving 1,000 struggling Chicagoans $1,000 a month. Supporters of the program say people could use the extra cash to cover unexpected emergencies, increase their savings and improve their health.

 

https://www.zerohedge.com/news/2019-02-09/chicago-mayor-proposes-paying-1000-residents-1000-month-no-strings-attached