Facebook co-founder Chris Hughes makes the case that one percenters like him should pay their fortune forward in a radically simple way: a guaranteed income for working people
The first half of Chris Hughes' life followed the perfect arc of the American Dream. He grew up in a small town in North Carolina. His parents were people of modest means, but he was accepted into an elite boarding school and then Harvard, both on a scholarship. There, he met Mark Zuckerberg and Dustin Moskovitz and became one of the co-founders of Facebook.
In telling his story, Hughes demonstrates the powerful role fortune and luck play in today's economy. Through the rocket-ship rise of Facebook, Hughes came to understand how a select few can become ultra-wealthy nearly overnight. He believes the same forces that made Facebook possible have made it harder for everyone else in America to make ends meet.
To help people who are struggling, Hughes proposes a simple, bold solution: a guaranteed income for working people, including unpaid caregivers and students, paid for by the one percent. Hughes believes that a guaranteed income is the most powerful tool we have to combat poverty. Money - cold hard cash with no strings attached - gives people freedom, dignity and the ability to climb the economic ladder.
A guaranteed income for working people is the big idea that's missing. This book, grounded in Hughes' personal experience, will start a frank conversation about how we earn, how we can combat income inequality, and ultimately, how we can give everyone a fair shot.
Chris Hughes is the co-founder of the Economic Security Project, a network of policy-makers, academics, and technologists working to end poverty and rebuild the middle class through a guaranteed income. He co-founded Facebook as a student at Harvard and later led Barack Obama's digital organising campaign for President. Hughes was the owner and publisher of The New Republic magazine from 2012 to 2016. He lives in New York's Greenwich Village with his family.