American billionaire Mark Cuban proposed raising taxes on any company that does not offer equity to its employees. Cuban presented the tax proposal as a way to tackle wealth inequality. He noted that commercial tax legislation could be used to motivate businesses to share company ownership 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 stock options to their staff would not face the increased tax penalties. Stricter tax penalties would apply strictly to businesses that fail to provide equity shares to their employees.