American billionaire Mark Cuban has suggested higher tax charges on any company that does not offer company shares to its employees. Cuban introduced the plan as a strategy to reduce wealth inequality. He noted that commercial tax legislation could be used to urge businesses to share business shares 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 increased tax penalties. Higher tax penalties would apply strictly to businesses that fail to grant equity shares to their employees.