Twitter and Square CEO Jack Dorsey is donating $ 5 million to the association of a former Democratic candidate so that he could experiment with his basic universal income project in the United States.
In the United States, a former Democratic presidential candidate, Andrew Yang, who also wanted to establish a basic universal income in his country, will receive funds to test his project.
It is the founder of Twitter, Jack Dorsey, already supporting Andrew Yang as a candidate, who will give him the means. The billionaire has indeed paid $ 5 million to the association set up by the Democrat, Humanity Forward tells the magazine Rolling Stone.
250 dollars for 20,000 people
The organization will use it to test the basic income for all, and thus defend the cause. Because for Jack Dorsey, “the only way we can change policy is to experiment and showcase studies of why it works”.
The idea is that this money is really helping Americans right now, as the pandemic plunges the country into an unprecedented economic crisis.
Humanity Forward, therefore, plans to distribute these 5 million to 20,000 people as quickly as possible, in the form of cash envelopes each containing $ 250. Beneficiaries will be selected from the millions of working people who have lost their jobs or suffered an economic shock since the start of the health crisis.
“We know that basic universal income for all Americans is possible, and this $ 5 million will help demonstrate what is possible for families across the country,” said Andrew Yang.
Support of figures from Silicon Valley
In 2019, to defend his universal income project, the Democratic candidate then campaigned to evoke the progress of automation and artificial intelligence that would radically reshape the world economy.
However, faced with “such a historic economic change, we must provide real solutions to help people manage the transition”, argued Andrew Yang.
These arguments had won him the support of major figures in Silicon Valley, like Jack Dorsey therefore, and also Elon Musk, the boss of Tesla and Space X. But his disappointing results in the Democratic primaries had finally pushed Andrew Yang to withdraw from the presidential race.
In the meantime, he, therefore, created the Humanity Forward association, with the sole aim of promoting basic universal income in the United States. For his part, Jack Dorsey is not his first donation to charity. The billionaire accustomed to spiritual pensions has planned to give 1 billion of his wealth, already paid into a fund he created for the occasion, Start Small.
In recent days, the boss of Twitter said he saw with apprehension the pandemic accelerate the automation of human tasks. “Progress and changes that we anticipate for 10 years will come in 10 weeks,” he said.
Hence his financial support for Andrew Yang’s universal income. Because for Jack Dorsey “we have very little time to act”.