Facebook co-founder supports giving cash to single moms in public housing with no strings [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
Facebook co-founder supports giving cash to single moms in public housing with no strings The United States as a nation should provide monetary help to groups who have been "disproportionately discriminated against historically," says former Facebook The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC's "Squawk Box" "She had a provocative idea: 'I think we should support single black moms in public housing with cash. No strings attached,'" recalled Hughes, who admits that such a concept "raises eyebrows no matter which room you're in, left or right." Hughes said cash, while controversial, "helps people much more effectively than just about anything else out there. It's flexible. It respects their freedom." Nyandoro got a $75,000 grant from Hughes' Economic Security ject Magnolia Mother's Trust "It's a guaranteed income pilot where we are giving resources to extremely low-income families, in effect $1,000 a month for 12 months,"
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