Facebook cofounder Chris Hughes wants to give low-income Americans $500 a month, no strings attached -- and he's convinced it will boost the economy

Sarah Jacobs/Business Insider Chris Hughes is the cofounder of Facebook and the cofounder of the Economic Security Project. He is advocating for a guaranteed monthly income of $500 for working Americans who are part of households making less than $50,000 a year. The initiative is aimed at growing the economy by bringing money to impoverished communities and encouraging work, even when jobs are low-paying. This post is part of Business Insider's ongoing series onBetter Capitalism. Chris Hughes he...