New Project Pledges $10 Million to Support Basic Income Research

By Kate McFarland

Basic Income Earth Network

The US-based Economic Security Project (ESP) — co-chaired by future of work expert Natalie Foster, Facebook co-founder Chris Hughes, and Roosevelt Institute Fellow Dorian Warren — has committed to donate $10 million over the next two years to projects related to exploring “how a ‘basic income’ could rebalance the economy and ensure economic opportunity for all”.

The goal of ESP, in the words of its press release, is to help Americans interested in basic income achieve the transition from “conceptual discussion to meaningful action”.

Stressing both the potential of basic income and the need for further investigation, Warren states, “We believe we can end the downward spiral for working families in America by providing a guaranteed basic income for every man, woman, and child – but the precise approach for implementing a cash benefit system needs additional research.”

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