American billionaire Mark Cuban proposed higher tax charges 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 commercial tax legislation could be used to encourage 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. Stricter tax penalties would apply strictly to businesses that fail to offer equity shares to their employees.