Dec 9, 2020

Twitter boss Jack Dorsey donates $15m for income support

Twitter boss Jack Dorsey has donated $15m to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families. More than 12 million Americans are at risk of losing access to unemployment benefits at the end of the month, as the government's virus aid expires. The idea has gained traction in recent years as a response to the loss of jobs expected as automation and artificial intelligence take on more kinds of work. Former US presidential candidate Andrew Yang championed the idea during his campaign, which attracted more supporters in the early days of the US presidential race than many had expected. Mr Dorsey - whose wealth Forbes estimates at more than $11bn - donated $3m to the mayors' network this summer.

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