Twitter CEO Jack Dorsey donates $15 million to help launch guaranteed income programs for the needy

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Twitter CEO Jack Dorsey
Screenshot from TED video on YouTube

Twitter CEO Jack Dorsey donated an additional $15 million to help launch guaranteed income programs for poor individuals in more than 25 cities across the United States

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The Mayors for Guaranteed Income (MGI) announced Dorsey’s donation on Wednesday. This is his second donation to the organization. In July, he gave $3 million. Dorsey made the donations through his the Economic Security Project

Mayor Michael D. Tubbs of Stockton, California and the Economic Security Project founded MGI, which serves as a network for U.S. mayors to work together to advocate for a guaranteed income.

According to MGI, Dorsey’s latest financial gift is “already being allocated to launch or expand guaranteed income pilots” in multiple cities including Columbia, South Carolina; Los Angeles, California; Madison, Wisconsin; Pittsburgh, Pennsylvania; Providence, Rhode Island; Richmond, Virginia; Tacoma, Washington; Saint Paul, Minnesota; and New Orleans, Louisiana, and many more cities to be announced later.

In a statement, Stockton Mayor Tubbs said, “We are a nation in crisis and the last one of this scale yielded dramatic social reform; this is our New Deal moment. We need a social safety net that goes beyond conditional benefits tied to employment, works for everyone, and begins to address the call for racial and economic justice through a guaranteed income. These pilots and the resulting evidence will be instrumental in shaping what the 2021 social contract looks like in America.”