California Legislator Proposes Basic Income

In California, Assemblymember Evan Low introduced AB2712 in February 2020 to provide a $1,000 per month basic income to California residents over the age of 18 who meet the requirements. See AB-2712 California Universal Basic Income (CalUBI) Program to read the text of the bill.

Note that this would not be a universal basic income. The bill would require, among other things, that the resident has lived in the state for at least the last 3 consecutive years and that the resident’s income does not exceed 200% of the median per capita income for the resident’s current county of residence, as determined by the United States Census Bureau.

The basic income would be funded by a new 10% Value Added Tax. Mr. Low’s office has been contacted about the possibility of using Solar Dividends to help fund such a basic income.

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