Facebook’s cofounder just launched a $10 million initiative with other big names to figure out whether basic income works

Facebook's cofounder just launched a $10 million initiative with other big names to figure out whether basic income works

Reuters photographer More than 100 experts from Silicon Valley, activist communities, and academia have teamed up to learn about the year’s most popular idea for fighting poverty.

Announced December 8, the Economic Security Project (ESP) is a two-year fund of $10 million that will go toward uncovering everything there is to know about universal basic income, a system of wealth distribution in which every citizen receives a monthly stipend to cover basic needs.

The coalition contains a range of future-minded folks, including Y Combinator President Sam Altman, GiveDirectly Co-Founder Michael Faye, and Robert Reich, the former Secretary of Labor and a […]

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