American billionaire Mark Cuban proposed raising taxes on any company that does not offer equity to its employees. Cuban framed the idea as a strategy to tackle wealth inequality. He noted that tax rules for businesses could be used to encourage businesses to share firm equity directly with workers.
The proposal is designed to make jobs more lucrative by giving employees a financial stake in their workplace. Under the plan, companies that provide equity to their staff would not face additional tax burdens. Higher tax penalties would apply strictly to businesses that fail to offer equity shares to their employees.