American billionaire Mark Cuban has suggested raising taxes on any company that does not offer company shares to its employees. Cuban introduced the plan as an idea to tackle wealth inequality. He noted that commercial tax legislation could be used to motivate businesses to share company ownership directly with workers.
The proposal intends to make jobs more rewarding by giving employees a financial stake in their company. Under the plan, companies that provide shares to their staff would not face the higher rates. Increased tax duties would apply strictly to businesses that fail to grant equity shares to their employees.