Facebook cofounder Chris Hughes wants to give low-income Americans $500 a month, no strings attached — and he’s convinced it will boost the economy

Chris Hughes is the cofounder of Facebook and the cofounder of the Economic Security Project.

He is advocating for a guaranteed monthly income of $500 for working Americans who are part of households making less than $50,000 a year.

The initiative is aimed at growing the economy by bringing money to impoverished communities and encouraging work, even when jobs are low-paying. This post is part of Business Insider’s ongoing series on Better Capitalism . Chris Hughes helped his Harvard roommate Mark Zuckerberg launch Facebook. Though his three years of work on the project earned him […]

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