Free Cash to Fight Income Inequality? California City Is First in U.S. to Try
This town in California’s Central Valley has long functioned as a display case for wrenching troubles afflicting American life: The housing bust that turned Stockton into an epicenter of a national foreclosure disaster and plunged the city into bankruptcy. The homeless people clustered in tents along the railroad tracks. Boarded-up storefronts on cracked sidewalks. Gang violence.