American billionaire Mark Cuban has suggested increasing tax rates on any company that does not offer company shares to its employees. Cuban introduced the plan as a strategy to tackle wealth inequality. He noted that corporate tax policy could be used to urge businesses to share firm equity directly with workers.
The proposal aims to make jobs better compensated 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 grant equity shares to their employees.