editor in the economy.F. A. Z. Twitter
The Tech-Enthusiast a lot of promises from the project in the United States. "This is a tool to reduce the to close the wealth and income gap, systemic inequalities due to racism, and gender, as well as to create economic security for families," according to Dorsey on Twitter. He also has about 11 million dollars to the charity Givedirectly, the cash directly to poor people.
Dorsey had reserved in April, shares in Square to a value of 1 billion dollars for the good cause, which was then little more than a quarter of its assets. So he wanted to support first projects in and around Corona to follow. The value of the shares has since increased to more than 2 billion dollars. A part of all that now goes to the basic income procurement in American cities. Robert Garcia, mayor of the Californian city of Long Beach, called the trial a big step: "We are one of the 15 pilot cities, and I could not be more excited."
basic income against poverty
The Alliance of the 15 cities for a basic income Michael Tubbs, mayor in the Californian city of Stockton has established, in June. "Mayors are the moral leaders of the country," said the 29-year-old politicians, especially the American magazine "Forbes". "You are on the Front line, dealing with constituents, respond to you and work for you every day." So he also speaks about his own perception of the image and could at the same time, some American leaders thought.
Tubbs since one and a half years, a basic income pilot programme in his city to run. In the face of Covid-19, the need for regular, ongoing cash assistance, as well as the protests against police violence and structural violence in the city was clear to him that it is mastering a network of citizens and lawyers need in order to create a common voice for guaranteed cash payments.
To count on this network, including Los Angeles, Atlanta, Seattle, Columbia, and Pittsburg: All of these cities can start with the money from Dorsey, now a program of basic income. It is not clear yet what that will look like. In his principles of cities speaks-it is assumed that approximately 40 percent of Americans could not afford a 400 Dollar emergency. At the same time, the Initiative is called the basic income as a response to increasing income inequality.Updated Date: 10 July 2020, 16:19