between 15 and 25% of Americans are facing food insecurity. 25% of Americans are facing bankruptcy due to medical debt. 10% of Americans have no medical insurance. 63% of Americans are living paycheck to paycheck.
That is not doing well, that is very fucking bad. And no, free markets do not require billionaires. We can get rid of all billionaires and distribute the money to the workers who actually generated that value, and still have healthy and relatively free markets.
Would you choose to be paid in stocks instead of cash? That’s exactly what “distribute money to the workers” means: Workers become shareholders of their company and profit through dividends and increased stock value, but they also have the risks of no dividends and decreased stock value if the company has a bad time. Lots of companies actually offer these “employee stocks”.
between 15 and 25% of Americans are facing food insecurity. 25% of Americans are facing bankruptcy due to medical debt. 10% of Americans have no medical insurance. 63% of Americans are living paycheck to paycheck.
That is not doing well, that is very fucking bad. And no, free markets do not require billionaires. We can get rid of all billionaires and distribute the money to the workers who actually generated that value, and still have healthy and relatively free markets.
Would you choose to be paid in stocks instead of cash? That’s exactly what “distribute money to the workers” means: Workers become shareholders of their company and profit through dividends and increased stock value, but they also have the risks of no dividends and decreased stock value if the company has a bad time. Lots of companies actually offer these “employee stocks”.
Yes, all workers should get stocks in the companies they work for.