St Martin's Press, 2018.
Review published Mar 2018.
Hundreds of studies have now shown that direct cash payments are the most effective way of benefiting the poor. The recipient knows how best to spend the money to solve the most pressing problems.
Hughes, who became rich through the accident of being Mark Zuckerberg's roommate, believes we should model cash payments on the Earned Income Tax Credit, supplementing the income of all those who make less than $50,000 a year, and paying for the benefits by increasing the tax of those who make $250,000 a year or more.
Since the payments to the poor will almost certainly be immediately reinjected into the economy, our nation should experience increased economic growth.
The details are contained in this short, readable, and persuasive book.