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Response to pbmus (Original post)

Fri Nov 20, 2020, 08:33 AM

5. Federal recognition and aggressive tax advantages for collectives, ESOPS, fair wages...

Would be one place to start.

Net worth for entrepreneurs controlling the company that they themselves built is an issue that requires deep thought.

Elon Musk struggled to keep tesla afloat in its earlier years. His increase in wealth is the result of the stock marketís perception of the value of the companyís value. If you build a company and donít want to sell it off or surrender control, what then?

Part of the reason for inflated corporate capitalization (and hence for wealth inequality) is that shares of stock are expected to generate income in perpetuity. What if the rewards of building a successful company had some time limit or declining interest ó a 50 year limit for example? After which a gradually increasing share of the company became owned by the citizenry of the U.S., as silent partners? And an increasing percent to employees?

From the Divine Right of Capital, I learned that share ownership is essentially another form of entitled aristocracy, entitling people to the produce of a feudal estate, except that shares of stock are not hereditary like aristocracy but are inheritable. Yet the fact remains that initial entrepreneurial investment Is usually a tiny percent of market cap, with retained earnings building up value over decades.

Set a corporate tax rate of 25% or 30% for example, but lower it to 15% or 20% for companies that meet a certain set of criteria that aggressively reduce wealth inequality.

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Arrow 5 replies Author Time Post
pbmus Nov 2020 OP
BootinUp Nov 2020 #1
ansible Nov 2020 #2
Blue Owl Nov 2020 #3
pat_k Nov 2020 #4
LineNew Reply Federal recognition and aggressive tax advantages for collectives, ESOPS, fair wages...
lostnfound Nov 2020 #5
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