SEATTLE (Thomson Reuters Foundation) – A $500 monthly cheque from the government for every American earning less than $50,000, financed by taxing the wealthy, would provide financial stability for millions of people in the United States, said the co-founder of Facebook.
Chris Hughes, who made billions after co-founding the social network with Mark Zuckerberg while at Harvard University, said such a guaranteed income was needed to counteract the effects of growing income inequality in the United States.
Despite a recovery in the U.S. labor market, millions of citizens work in the informal economy with little job security and few benefits, largely […]
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