American billionaire Mark Cuban's idea to reduce wealth inequality: Increase the taxes of any company that doesn't offer its employees... - The Times of India

Latest News About Billionaire Mark Cuban Proposes Higher Taxes for Firms Without Employee Shares

American billionaire Mark Cuban put forward raising taxes on any company that does not offer equity to its employees. Cuban introduced the plan as a way to reduce wealth inequality. He noted that commercial tax legislation could be used to encourage businesses to share firm equity directly with workers.

The proposal intends to make jobs more rewarding by giving employees a financial stake in their workplace. Under the plan, companies that provide stock options to their staff would not face the higher rates. Increased tax duties would apply strictly to businesses that fail to provide equity shares to their employees.

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