New York Mayor Proposes Using Marijuana Taxes To Fund Guaranteed Income As Reparations For Black Community

MJ moment

The mayor of Rochester, New York is proposing to use tax revenue from the expected statewide legalization of marijuana to promote racial justice, and part of that could involve funding a universal basic income (UBI) program to help narrow the white-black wealth gap. While a newly negotiated bill to legalize cannabis in New York has yet to be released, Mayor Lovely Warren (D) said that when the state does start taxing and regulating marijuana, it will represent “an opportunity we never had before to bring real resources to bear to uplift our families and improve, not just their financial wellbeing, but their very future.” (Friday, Mar. 26, 2021) – Mayor Lovely A. Warren announced today an initiative to explore the implementation of reparations, including the possible establishment of a Universal Basic Income (UBI) program, as well as a home ownership program. — City of Rochester NY (@CityRochesterNY) March 26, 2021 Warren said at a press conference on Friday that “the neighborhoods, the communities, that were most affected by the criminalization of marijuana deserve the opportunity to receive and also to be invested in as we start to distribute those dollars.” Right now, the city is in the exploratory phase, with the mayor announcing plans to put together a committee in April that would be tasked with “reviewing the UBI and reparation pilots in other cities to determine how we could develop this life-altering program for Rochester, and possibly a City-sponsored home ownership mortgage program.” “We should not let this moment pass us by,” Warren said in a letter seeking partnerships with community organizations, which was first reported by Rochester First. “With the legalization of marijuana on the horizon, we have the ability to enact legislation locally to make the concept of reparations through a UBI and home ownership a reality…

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Source : New York Mayor Proposes Using Marijuana Taxes To Fund Guaranteed Income As Reparations For Black Community

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