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Monday, July 14, 2014

Founding Father Profit-Sharing Fix For Inequality


A Founding Father profit-sharing fix for inequality. "Current approaches to addressing rising inequality — raising the minimum wage, expanding higher education, increasing the power of unions, widening the...focus on high technology...a national renaissance in manufacturing — have not shown any evidence of reversing the concentration of income and wealth. There is one potential solution that could appeal to both pro-labor liberals and free-market conservatives, which has its roots in the philosophies of the Founding Fathers, and is already being practiced in parts of the economy today: employee shares in companies. The idea is to make every citizen a capitalist through citizen shares of corporations." Joseph Blasi in The Daily Beast.




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