Tag: taxes

Pentagon estimates cost of new nuclear missiles at $95.8B

The Pentagon has raised to $95.8 billion the estimated cost of fielding a new fleet of land-based nuclear missiles to replace the Minuteman 3 arsenal that has operated continuously for 50 years, officials said Monday.

The estimate is up about $10 billion from four years ago.

The weapons, known as intercontinental ballistic missiles, or ICBMs, are intended as part of a near-total replacement of the American nuclear force over the next few decades at a total cost of more than $1.2 trillion.

Some, including former Defense Secretary William J. Perry, argue that U.S. national security can be ensured without ICBMs, but the Pentagon says they are vital to deterring war. The Trump administration affirmed its commitment to fielding a new generation of ICBMs in a 2018 review of nuclear policy.

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San Francisco Will Pay Artists $1,000 a Month in Universal Basic Income

San Francisco will become the latest city to experiment with a universal basic income (UBI). Sort of.

In an effort to assist the city’s struggling arts community in bouncing back from the pandemic, Mayor London Breed announced last week that she’d be rolling out a cash transfer program for artists.

Under the mayor’s plan, 130 artists in the city will receive a $1,000 monthly cash stipend for a period of six months starting early next year.  It’s one of several arts-themed policies sourced from the city’s Economic Recovery Task Force final report released last Thursday, which also includes funding for “artists to paint murals with a public health theme on boarded-up businesses and deploy performance artists to promote COVID-safe behaviors in high foot traffic areas.”

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