[PowerElectronix]

I'd say a better alternative to taxes and handouts is to normalise and incentivise to give a stake in the company/business to every worker.

It's the only reasonable way to avoid the main flaws of our economy/society. Billionaires would be way worse off, as they won't freely reap the fruit of the labor of the workers that power their ideas, and the workers will be way better off, as their productivity is no longer decoupled with their pay.

[Wilsoniumite]

I agree, and in some sense I argue this at the end, but I didn't want to make the piece even longer.

In fact if you look at the economics of this policy over the long term it leaks capital through rents, so it doesn't actually work forever.

A sovereign wealth fund can solve this (essentially an expansion of the "buffer" I wrote about). That functions as almost exactly what you want, giving a stake in every company to every worker (except broader, to every citizen).

If you buy the framing that labor is currently a distortion, you wouldn't want to only give stakes in companies to workers of those companies, if you do that the distortion will continue.

[ghthor]

There is something to be said here, the government may be democratic but almost all of us are subservient to fascist corporations. Employee owned companies is a great start to get out of this mess