The Compton Pledge
The Compton Pledge was a UBI experiment that, as Time puts it, sought to test whether it could transcend its “status as a small research project in progressive Los Angeles and someday work as a nationwide program funded by taxpayers”. The Pledge calls itself the largest UBI experiment in the U.S. and says it releases “recurring cash relief to low-income residents for 2 years.” Participants interviewed about their experience with the program have noted their ability to pay for a variety of things that would have been out of reach without the program. Others even started businesses or non-profit organizations with the financial assistance that was provided. The program’s final report notes: “Residents used the additional funds to cover costs in times of sickness, start business ventures, and provide stable conditions for their families and communities.” The program was funded partially through private donations.
