Jack Dorsey Is Giving Andrew Yang $5 Million To Build the Case for Universal Basic Income

Jack Dorsey, the chief executive of Twitter and mobile-payments firm Square, said today he is giving $5 million to Humanity Forward, a group launched by former Democratic presidential candidate Andrew Yang to build the case for a universal basic income. A report adds: The donation is part of Dorsey’s Start Small LLC, a $1 billion foundation he launched last month to support global COVID-19 relief efforts. “Not only will Jack’s donation directly impact tens of thousands of people in need during the current economic downturn, it will help Humanity Forward and our movement continue to make a case for Universal Basic Income (UBI) in the United States,” Yang said in a statement. “We know UBI for every American is possible, and this $5 million from Start Small is going to help demonstrate what is possible for families across the country.”