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Twitter’s CEO Jack Dorsey donated $15 million to a universal basic income (UBI) initiative, which would give families guaranteed paychecks with no strings attached.
The initiative is called Mayors for Guaranteed Income (MGI), and it is a coalition of 29 mayors across the country who are committed to implementing UBI in their towns. It was started in June with a $3 million grant from Dorsey. His latest gift, a pretty sweet taxable donation for the Twitter and Square founder, will guarantee up to $500,000 per participating city.
