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“If Someone is in Pain, I Am in Pain”: Jack Dorsey Plans To Give All Of His Wealth Away In His Lifetime

Posted by on May 30, 2020 in Business, Economy with 0 Comments

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John Vibes | The Mind Unleashed

At the start of the coronavirus crisis, Twitter CEO and co-founder Jack Dorsey shocked the world with his promise to donate $1 billion, or about 28% of his wealth, to help with the economic fallout from the pandemic. Now, Dorsey says that he plans to give away all of his money within his lifetime.

This week, Dorsey appeared on an episode of the “Yang Speaks” podcast for an interview about artificial intelligence, universal basic income, and meditation, among other topics. During the interview, he spoke about his recent philanthropic efforts, and discussed how the pandemic has accelerated the move towards automation and the need for a universal basic income.


“I live by the principle of everything is connected, so if someone is in pain, I’m in pain, ultimately, over time…I want to make sure that I’m doing whatever I can in my lifetime to help that through my companies’ works, through my own personal giving,” he said.

“I’m in a situation that I never imagined when I was a kid or [even] when I was 25. I didn’t have any aspect of what money would mean until I was, probably 35.I’m so grateful, but part of gratitude is not just saying I’m grateful, it’s doing. I want to give out all my money in my lifetime. I want to see the impacts, selfishly, in my lifetime. I want to make sure that we’re helping people,” he added.

The interview was published as Dorsey was announcing his $5 million contributions to Yang’s universal basic income organization “Humanity Forward.”

Dorsey says that universal basic income is “long overdue” and he believes that “the only way we can change policy is by experimenting and showing case studies of why this works.”


“Every single field is going to be touched by automation, and UBI to me represents a floor. A floor that people can stand on, and have the knowledge and peace of mind that they could survive and eat and feed their children while they are learning how to transition into this new world,” Dorsey says.

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