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 universal basic income project.
Guaranteed income is a powerful tool to fight structural inequities afflicting American society.
The Change.org petition calls on the presumptive Democratic presidential nominee to endorse monthly payments of $2,000 amid the pandemic.
A new book reveals a real-life "Lord of the Flies" that demonstrates that we can be good to each other even under the most dire circumstances.
Yang pushed a version of UBI that would set up a permanent system for paying every American adult $1,000 per month: an idea that seemed naive but is now in the mainstream political debate.
"We need to provide our families with support right now. We have no time to waste," Congressman Joe Kennedy III tweeted on Wednesday.
"It would be immensely helpful right now in this time of crisis," Yang said. "I think it should $1,000 per month of economic lockdown.
Reps. Tulsi Gabbard and Alexandria Ocasio-Cortez are supporting the adoption of universal basic income to combat the COVID-19 pandemic, with Gabbard introducing a House bill that would provide $1,000 a month to every American adult during the health crisis.
A proposed California law would give almost every adult in the state $1,000 per month, similar to the universal basic income plan of former presidential candidate Andrew Yang.
Businessman Andrew Yang said at the Thursday Democratic debate that if Universal Basic Income were the law, he wouldn't be the only non-white presidential candidate on the stage.
Presidential candidate Andrew Yang has proposed giving all American adults $1,000 per month — "no strings attached" — in universal basic income.
"You've probably heard this: There's an Asian man running for president, and he wants to give everyone $1,000 a month," Yang has said at recent rallies.
"This is the trickle-up economy, not the trickle-down economy," Andrew Yang said.
Estimates suggest that almost half of all U.S. jobs are at risk of being replaced by AI.
Significant numbers of workers will be in need of retraining if AI expands greatly, warns the report.
In the United States—as in all of the world's wealthier nations—ending poverty is not a matter of resources.