"Democracy is the theory that the common people know what they want and deserve to get it, good and hard". H.L. Mencken

Stockton, California, largest city (so far) to declare bankruptcy, will provide a "basic income" to those earning less than $50,000, and pay for it by imposing a 50% tax on anyone earning more than $250,000.

Will that bounty attract more poor people to the city to enjoy the loot, and drive out anyone still left who makes a real salary? "I'll take 'yes', Alex".