One of the challenges is of course that the wealthy don’t get paid. They own and control assets that appreciate in value.
What if we ended private ownership of businesses. I don’t mean ending ownership of businesses, but that every business became publicly tradeable. No more private ownership of businesses.
I’m not actually advocating this (yet), just curious what people think would happen if we did this.
The people that own it privately will have controlling public shares. Can’t force them to sell at a given value and if you did they would just have a diverse portfolio that they swap between each other
I think finding a private company that brings people the levels we are talking about here are not an issue
Profit sharing works better, after x earned, everything is divided up between workers
What if we ended private ownership of businesses. I don’t mean ending ownership of businesses, but that every business became publicly tradeable. No more private ownership of businesses
Not sure if that would really lead to any significant change. Most billionaires “own” publicly traded companies. In fact, most billionaires became billionaires when their companies initiated an IPO.
The problem is that rich people can use their stock as collateral for huge untaxable loans. What we need to do is figure out a way to classify and tax these loans without taxing things like mortgages.
What if we ended private ownership of businesses. I don’t mean ending ownership of businesses, but that every business became publicly tradeable. No more private ownership of businesses.
There’s something to be said for mandatory stock awards to all employees (with no contractor sub-contractor loopholes) calculated to enforce a controlling interest among current staff.
Of course, arguably, I just described a union with more steps.
Edit: I think this won’t necessarily need to be mandatory, after current shareholders wise up that their current crop of CEO’s aren’t actually serving their interests.
But, if it works, there’s an argument to be made for making something mandatory to set a baseline expectation for human decency.
Which I suppose amounts to crowd-sourcing to staff things not currently handled by OSHA.
One of the challenges is of course that the wealthy don’t get paid. They own and control assets that appreciate in value.
What if we ended private ownership of businesses. I don’t mean ending ownership of businesses, but that every business became publicly tradeable. No more private ownership of businesses.
I’m not actually advocating this (yet), just curious what people think would happen if we did this.
The same as now
The people that own it privately will have controlling public shares. Can’t force them to sell at a given value and if you did they would just have a diverse portfolio that they swap between each other
I think finding a private company that brings people the levels we are talking about here are not an issue
Profit sharing works better, after x earned, everything is divided up between workers
Taxing profits is a good idea but they’ll figure out some creative accounting to avoid making them.
I think we just need to straight up take ownership of a portion their shares that increases based on how little tax they are paying.
What i said is closer to what you are saying than it is to taxes
Not sure if that would really lead to any significant change. Most billionaires “own” publicly traded companies. In fact, most billionaires became billionaires when their companies initiated an IPO.
The problem is that rich people can use their stock as collateral for huge untaxable loans. What we need to do is figure out a way to classify and tax these loans without taxing things like mortgages.
There’s something to be said for mandatory stock awards to all employees (with no contractor sub-contractor loopholes) calculated to enforce a controlling interest among current staff.
Of course, arguably, I just described a union with more steps.
Edit: I think this won’t necessarily need to be mandatory, after current shareholders wise up that their current crop of CEO’s aren’t actually serving their interests.
But, if it works, there’s an argument to be made for making something mandatory to set a baseline expectation for human decency.
Which I suppose amounts to crowd-sourcing to staff things not currently handled by OSHA.