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Swordsmyth
09-12-2018, 04:15 PM
Embattled Chicago Mayor Rahm Emanuel is forming a task force that will analyze whether the city should establish a so-called "universal basic income" program, as they Mayor seeks to salvage his legacy - currently associated with Chicago's horrendous murder rate (http://heyjackass.com/) and broken pension system (https://www.zerohedge.com/news/2018-09-10/more-likely-reason-rahm-emanuel-dropped-out-chicago-time-bomb). Emanuel announced he would not be seeking a third term in next February's elections.
The task force set up by Emanuel will consist of a panel that will decide whether the welfare initiative could work, as the city wrestles with a $71 billion debt load, nearly $40 billion of which is pension debt.
https://www.zerohedge.com/sites/default/files/inline-images/rahm%20emmanuel.png
A Universal Basic Income scheme was first floated in July by Chicago Alderman Ameye Pawar - who is running for Governor of Illinois this November. Pawar's called on Emanuel tro launch a pilot program which would pay 1,000 families $500 each month.

Pawar recently introduced a pilot for a UBI program in Chicago. Under his program, $500 a month would be delivered to 1,000 Chicago families — no strings attached. Additionally, the proposal would modify the Earned Income Tax Credit program for the same 1,000 families, so they’d receive payments on a monthly basis instead at the end of the year — a process known as “smoothing” that enables families to integrate the tax credit into their monthly budgets.
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“Nearly 70 percent (https://www.forbes.com/sites/niallmccarthy/2016/09/23/survey-69-of-americans-have-less-than-1000-in-savings-infographic/#751319021ae6) of Americans don’t have $1,000 in the bank for an emergency,” Pawar told The Intercept. “UBI could be an incredible benefit for people who are working and are having a tough time making ends meet or putting food on the table at the end of the month. … It’s time to start thinking about direct cash transfers to people so that they can start making plans about how they’re going to get by.” -The Intercept (https://theintercept.com/2018/07/16/chicago-universal-basic-income-ubi/)
https://www.zerohedge.com/sites/default/files/inline-images/pawar%201%20%281%29.jpg
Pawar told the Chicago Tribune he doesn't think Emanuel is simply trying to take credit for the idea right before his successor has to deal with implementing it.
"Chicago would be the largest city in the country to take this step,” Pawar told the Chicago Tribune (http://www.chicagotribune.com/news/local/politics/ct-met-rahm-emanuel-universal-basic-income-pawar-20180911-story.html). “I think the mayor sees this as a chance to lead the way as cities try to grapple with poverty and income inequality at a time the federal government is not addressing those things. This would be a legacy issue (for Emanuel)."

More at: https://www.zerohedge.com/news/2018-09-12/chicago-task-force-looks-implementing-universal-basic-income

aGameOfThrones
09-12-2018, 04:29 PM
"I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I travelled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer."

Anti Globalist
09-12-2018, 04:42 PM
Go away Emanuel.

dannno
09-12-2018, 04:49 PM
Wow, I never knew Rahm Emanual sliced his finger off at an Arby's.