Facebook Co-Owner Wants Basic Income For All Americans

Facebook Co-Owner Wants Basic Income For All Americans

Chris Hughes co-founded Facebook and is the chair of the Economic Security Project. He has a proposal that he believes will help solve the problem of the fast rising income inequality in the United States. Hughes believes a basic income, which is a system of wealth distribution where people receive a standard base salary just for being alive. Hughes also has an idea for who should fund this idea of his – the 1%! By raising taxes on the wealthiest Americans, every single American making less than $50,000 would receive a basic monthly income of $500.

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