Please enable JavaScript to experience the full functionality of GMX.

Facebook co-found Chris Hughes wants to pay American users

Facebook co-founder Chris Hughes wants to pay American users money.

The tech whizz, who made billions after co-founding the social media company with Mark Zuckerberg, has proposed to hand out $500 (£359) each month to users earning less than $50,000, and the money will come from taxing the rich.

Chris, who published his book 'Fair Shot: Rethinking Inequality and How We Earn' on Tuesday (20.02.18), said: "The gig economy is the tip of the iceberg.

"We talk a lot about Lyft drivers and Postmates delivery people, but underneath them are tens of millions of American workers who are temps, part-time contractors, people who don't have the kind of financial stability we used to think of as a job.

"For the past 20 or 30 years, work has become increasingly unreliable.

"You might be able to find a job but it's unlikely that it provides a reliable income, benefits, vacation days, or sick leave.

The idea of governments providing a basic income has been praised by everyone including Hillary Clinton and Elon Musk.

Chris believes a tax on people earning more than $250,000 could provide the necessary money to help around 90 million people.

The co-found - who grew up in a working class family before securing a scholarship to Harvard - says the money will be a small amount but would have a critical effect on those receiving it.

He said: "It's a small amount of money, but critical in the lives of people who receive it."

Sponsored Content