Facebook co-founder wants to repeal Trump tax cuts to pay for a $500 per month basic worker income

Facebook co-founder wants to repeal Trump tax cuts to pay for a $500 per month basic worker income

Facebook co-founder Chris Hughessaid Thursday that the federal government could give U.S. workers a stipend of $500 per month by repealing the tax cuts passed late last year.

Hughes, author of "Fair Shot: Rethinking Inequality and How We Earn" and an advocate for a basic income, argued that less than a third of Americans have reaped the benefits of President Donald Trump ‘s tax cuts.

"Everybody else, they’re making the same amount that they made in 1978," Hughes said in an interview with CNBC’s " Squawk Box ." Meanwhile, the cost of living, including health care, housing and education has risen, […]

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