10-07-2020 23:05 via uk.finance.yahoo.com

Twitter founder Jack Dorsey donates $3m to universal basic income scheme in US cities

Twitter boss Jack Dorsey has backed a scheme to provide US citizens with a universal basic income. He has invested $3m (£2.4m) in the initiative, which is being tested by mayors of 16 cities in the United States. The scheme is “one tool to close the wealth and income gap,” the billionaire said. Mayors for Universal Basic Income was launched on June 29 by Michael Tubbs, the mayor of Stockton, California. The 29-year-old has been running a pilot there since 2018, paying $500 (&po
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