Facebook co-founder Chris Hughes wants to provide 90 million Americans with a monthly stipend of $500.
In a Reddit AMA, he explained that he would want to pay for this by raising taxes on the one percent.
He estimates that the program would cost just under $300 billion. Chris Hughes, a co-founder of Facebook and chair of the Economic Security Project , has a proposal to attack the problem of rising income inequality through a basic income, a system of wealth distribution in which people receive a standard salary just for being alive. And he wants […]
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