Twitter boss Jack Dorsey is donating $3 million to a coalition of mayors advocating for the introduction of universal basic income in dozens of cities.

The billionaire co-founder of the social networking giant announced on Thursday that he was investing the funds into the Mayors for a Guaranteed Income—a project launched last month by Michael Tubbs, the 29-year-old mayor of Stockton, California.

“This is one tool to close the wealth and income gap, level systemic race and gender inequalities, and create economic security for families,” Dorsey tweeted.

The coalition is promoting the benefits of a guaranteed income for citizens in at least 15 cities so far, which would potentially affect more than 7 million Americans.

The system, if rolled out, would give a monthly cash payment directly to individuals with “no strings attached and no work requirement,” it explains online. Several U.S. cities are now backing the project, including Los Angeles, […]