Fortune
US · 20 mins ago
Mark Cuban wants companies to give their employees more stock. Could that narrow the divide between the bottom and the top?
Good morning. In a week where we’ve been flooded with dubious long-shot ideas—President Trump now wants to rename Lake Ontario as Lake America amid his escalating trade war against Canada—let’s pause to consider an intriguing one. As my colleague Eleanor Pringle reported this week, entrepreneur Mark Cuban wants to address America’s growing wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock. As the Shark Tank star wrote on X: “It’s exactly what I have done for employees in companies I have started. Most wealthy people get that way from selling their companies or taking them public.” As a mandate, Cuban’s idea is unlikely to fly: Congress would have to pass a law to raise corporate taxes on companies that don’t grant equity
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