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