Twitter chief executive Jack Dorsey has said he will donate $3 million (roughly Rs. 22.55 crores) to a group of US mayors to experiment with the creation of universal basic income.
The sum will go to the group Mayors for a Guaranteed Income (MGI), a coalition of leaders from 16 cities who are in favour of universal basic income — regular payments to residents generally meant to fight poverty and meet citizens’ basic needs.
“This is one tool to close the wealth and income gap, level systemic race and gender inequalities, and create economic security for families,” Dorsey, whose fortune is […]
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