Mark Cuban: fight inequality by giving all workers company stock
12 hours ago
- SpaceX's IPO made employees like Juan Hernandez wealthy, with shares worth $880,000.
- Mark Cuban argues that employee stock ownership should be the norm, not the exception, to reduce income inequality.
- Cuban gave equity to all employees at Broadcast.com, creating 300 millionaires after its acquisition.
- He proposes tax incentives for companies that grant proportional stock to all employees, e.g., same percentage for CEO and janitor.
- Research indicates that widespread employee ownership could double household wealth and reduce top 1% wealth by 14%.