American billionaire Mark Cuban has suggested higher tax charges on any company that does not offer equity to its employees. Cuban presented the tax proposal as an idea to address wealth inequality. He noted that commercial tax legislation could be used to urge 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 shares to their staff would not face the increased tax penalties. Stricter tax penalties would apply strictly to businesses that fail to offer equity shares to their employees.