American billionaire Mark Cuban has suggested increasing tax rates 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 tax rules for businesses could be used to encourage businesses to share business shares directly with workers.
The proposal intends to make jobs better compensated by giving employees a financial stake in their employer. Under the plan, companies that provide equity to their staff would not face the higher rates. Stricter tax penalties would apply strictly to businesses that fail to grant equity shares to their employees.