Cuban's Equity-or-Tax Proposal Aims to Narrow Wealth Gap
Mark Cuban proposes raising corporate taxes for companies that do not grant equity to all employees on a pro rata basis, arguing this would reduce wealth inequality. He has previously given stock to employees at his own firms, such as Broadcast.com, where 300 staff became millionaires after Yahoo's acquisition. Cuban dismisses concerns that higher taxes would be passed to consumers, saying entrepreneurs control their own margins.
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Original headline: “Mark Cuban wants to solve wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock.” Browse more stories.