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this post was submitted on 13 Jul 2025
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politics
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Work should provide ownership. Worker-owned co-ops should be the default form of business organization. We should write it into corporate charter law that any business over a certain number of employees must gradually transition to a worker-owned co-op. For example, maybe every company over 30 employees must transfer 2% of its equity to its employees each year. This would mean after about 35 years, the business would be majority owned by its employees. Business founders and investors can still make plenty of profit, but you prevent the accumulation of generational wealth. You prevent the formation of an aristocracy by slowly transferring the ownership of company's from their founders to their employees over time. (And obviously you have a lot of other policy details to make this work, such as not just having a flat threshold. Always have to point this out as the "umm aktually" brigade likes to confuse aspirational policy descriptions for actual legislation.)
I like the idea of the transition happening slowly over several decades. Basically you found a company, and you'll be able to maintain majority control over it until you reach your retirement. You can have a vision and carry it through. You just can't create a multi generational empire that makes your children and grandchildren into newly minted aristocrats.