Chris Hughes, the co-founder of Facebook and former owner of The New Republic, talks with Recode’s Kara Swisher about his new book, “Fair Shot: Rethinking Inequality and How We Earn.” In it, Hughes argues that working people should receive a guaranteed income, paid for by the top one percent of earners in the U.S. He cites an “immense amount of evidence” that cash improves health, education and more, and talks about how his Economic Security Project is working to advance a modernization of the Earned Income Tax Credit, which he calls “guaranteed income.”

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