Twitter’s Jack Dorsey To Donate $3 Million To Universal Basic Income Program

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Artivia Tahir

Twitter cofounder Jack Dorsey has announced his plan to donate $3 million to a universal income program

Billionaire cofounder of Twitter, Jack Dorsey, has announced that he is donating millions to an experimental universal basic income program, according to Business Insider.

  • Dorsey has said that he is donating $3 million to Mayors for a Guaranteed Income, which is a group of mayors from several US cities who plan to start guaranteed-income pilot programs in their cities.
  • The group has announced that the program could affect about 7 million people in cities like: Los Angeles; Atlanta; New York; and Jackson, Mississippi.
  • Dorsey has an estimated net worth of $7.5 billion and he said he’d be contributing $3 million from his non-profit into the program. This comes after he pledged to donate $1 billion to coronavirus relief efforts in April.
  • Supporters of the program say that it will help bridge the divide between the richest and poorest Americans.
  • Other wealthy Americans have also supported universal basic income programs. Andrew Yang, an entrepreneur and former Democratic candidate for president, ran his campaign with a universal income as one of his presidential goals.

Read the full report.


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