Twitter billionaire Jack Dorsey just announced he'll fund a universal-basic-income experiment that could affect up to 7 million people
Taylor Nicole Rogers
Jack Dorsey in 2017. Associated Press
On Thursday, Jack Dorsey, the billionaire CEO of Twitter, announced that he would donate $3 million to a group of mayors of more than a dozen US cities to fund universal-basic-income pilot programs.
Andrew Yang, a former Democratic presidential candidate, recently helped bring the idea of universal basic income into the mainstream and is funding his own UBI pilot program.
Proponents say guaranteed incomes could help close America's growing wealth gap, while critics say they could compound America's financial crisis by encouraging people to stop working.
https://www.businessinsider.com/twitter-billionaire-jack-dorsey-universal-basic-income-experiment-2020-7
