Unconditional income: the head of Twitter will give money to Americans every month

Pittsburgh joins 15 other cities introducing unconditional basic income programs. The city is now participating in a program funded by Twitter CEO Jack Dorsey. Fox Business.

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Pittsburgh Mayor Bill Peduto announced that his city is currently participating in a program under which eligible residents will receive a $ 500 monthly "guaranteed income."

The money used to launch the program will come from funds provided by Dorsey, which will allow Pittsburgh and 15 other cities to help those struggling financially during the economic crisis caused by the coronavirus pandemic.

“Many Pittsburgh residents will get the opportunity to receive a monthly stipend, mostly for a debit card,” Peduto said. He did not specify how many people would be qualified, but outlined the criteria that would be considered.

Peduto said he wants to pass the monthly payments on to those who are currently struggling financially and who can improve their lives as a result of the payments. He also hopes to donate money to people of different backgrounds and demographics so that research can be done and how it works.

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“This is one tool to close wealth and income gaps, level systemic racial and gender inequalities, and create economic security for families,” Dorsey tweeted earlier this month.

The Dorsey gift will benefit cities including Atlanta, Seattle and Los Angeles, whose mayors have formed a network to participate in the Income Guarantee Program. The group was founded in Stockton, California by Mayor Michael Tubbs, who launched his own unconditional basic income program in 2018.

“Mayors are the moral leaders of the country,” Tubbs said. “They are on the front lines, dealing with constituents, responding to constituents, and working for constituents every day. Given COVID-19 and the need for regular, ongoing cash assistance, as well as protests over police violence and violence in the city, I knew it was time to use what we learned in Stockton: create a network of mayors and be a collective voice for guaranteed cash assistance. payments."

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