“I’ve just introduced Assembly Bill 2712- California Universal Basic Income (UBI).. Continuing your work, @AndrewYang. #HumanityFirst #UBI,” wrote Low.
A state-wide value-added tax (VAT) of 10% on goods and services will fund the program, reports Newsweek. Groceries, medicine, medical supplies, clothing, textbooks and other items are exempted from the VAT.
California is currently implementing an experimental form of UBI in Stockton, where 125 low-income residents receive $500 per month. The amount comes without conditions and can be availed alongside other forms of public assistance.