{"id":129568,"date":"2020-12-09T17:36:51","date_gmt":"2020-12-09T14:36:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/twitter-ceo-gives-15m-to-help-cities-provide-guaranteed-income\/"},"modified":"2020-12-09T17:36:51","modified_gmt":"2020-12-09T14:36:51","slug":"twitter-ceo-gives-15m-to-help-cities-provide-guaranteed-income","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/twitter-ceo-gives-15m-to-help-cities-provide-guaranteed-income\/","title":{"rendered":"#Twitter CEO gives $15M to help cities provide guaranteed income"},"content":{"rendered":"

“#Twitter<\/a> CEO gives $15M to help cities provide guaranteed income<\/strong>”
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Twitter CEO Jack Dorsey has donated $15 million to help US cities send their residents regular checks as they navigate the coronavirus pandemic.<\/p>\n

It\u2019s the tech tycoon\u2019s second gift to Mayors for a Guaranteed Income, a nationwide network of local leaders launched in June to support efforts to provide Americans with a basic income.<\/p>\n

Dorsey\u2019s grant announced Tuesday will offer each city in the network up to $500,000 to put toward guaranteed income pilot programs, which have already been set up in cities such as Pittsburgh, St. Paul, Minnesota and Compton, California.<\/p>\n

The donation comes as officials across the country grapp<\/a>le with a lack of funds to support their cities and their citizens during a historic economic downturn sparked by COVID-19, according to Stockton, California mayor Michael Tubbs, who founded the guaranteed income network.<\/p>\n

\u201cSo many of our constituents were in food lines for Thanksgiving,\u201d Tubbs said. \u201cWe have people calling our offices asking about how they\u2019re going to pay for their water bill or their utilities or folks who are terrified about eviction moratoriums expiring.\u201d<\/p>\n

\u201cThey\u2019re all wondering, where is the solution, where is the action that\u2019s equivalent to the scale of the deprivation?\u201d he added.<\/p>\n

The cities\u2019 guaranteed income programs vary in their size and scope. Pittsburgh, for example, will give 200 residents $500 a month for two years, while Richmond, Virginia plans to support 18 working families \u201cto meet immediate needs and build wealth,\u201d according to a news release<\/a>.<\/p>\n

Dorsey \u2014 who\u2019s worth $11.5 billion, according to Forbes<\/a> \u2014 previously gave $3 million to support the mayors\u2019 initiative over the summer. The gifts are part of the \u201c#startsmall\u201d COVID-19 relief initiative he announced<\/a> in April, supported by $1 billion worth of his equity in payments firm Square, where he also serves as CEO.<\/p>\n

\u201cThank you \u2026 to all the Mayors of @mayorsforagi for these universal basic income pilots!\u201d Dorsey tweeted<\/a> Tuesday. \u201cI hope they inform federal policy in the future.\u201d\n <\/div>\n