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Chelsea is about to become the country’s biggest experiment in giving out no-strings-attached checks
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Chelsea, one of the poorest cities in Massachusetts, is about to host a bold experiment in reimagining capitalism, one that may answer an age-old question: Can giving away money with no strings attached help people out of poverty?
Beginning in November, about 2,000 low-income families will be given $200 to $400 a month, money that can be used for anything from food to paying bills. The trial, with $3 million in seed money and set to run for four months at first, is a version of the universal basic income concept that has long been debated, tested in small measures, but not implemented by any country.
Read the full story at BostonGlobe.com.
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