Technology • Internet & Web
2020-07-10T14:00:01+00:00

Twitter CEO announces that he will fund large scale universal basic income trial

Twitter CEO announces that he will fund large scale universal basic income trial
Jack Dorsey, co-founder and CEO of Twitter, testifying before the Senate Intelligence Committee, September 2018 Credit: Mark Warner / Wikimedia Commons (Creative Commons Attribution 2.0)

The Twitter CEO and billionaire Jack Dorsey has announced that he is working with 14 mayors or American cities to fund trials for a universal basic income in their respective cities. The plan is part of the group "Mayors for a Guaranteed Income" with the goal to "supplement, rather than replace, the existing social safety net" and to use it as "a tool for racial and gender equity".

Dorsey himself will use $3 million from his nonprofit for the program which aims to impact up to 7 million people.

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