Pierre Omidyar, the billionaire co-founder of eBay , plans to donate approximately $500,000 to fund a project in Kenya that will give thousands of people a guaranteed regular income.
The program, called, GiveDirectly is being hailed as the most ambitious experiment yet in the concept of universal basic income, or UBI. It will make cash transfers to more than 26,000 people in 200 villages in Kenya, with about 6,000 of those people receiving a long-term basic income for 12 years. The payments of $0.75 per day amount to 50% of typical adult income in rural Kenya.
The concept of a universal […]
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