US city to give poor residents over â¹30,000 a month
The US city of Stockton will give several hundred of its low-income residents $500 (over â¹30,000) a month as part of an experimental program called the Stockton Economic Empowerment Demonstration. The program was introduced by 27-year-old Stockton Mayor Michael Tubbs, who is hoping it will eliminate the city's economic burden. Notably, Stockton had filed for bankruptcy in the year 2012.  