May 18, 2022·edited May 18, 2022Liked by John Russell
Billionaires shouldn’t exist. But should business owners (someone who profits off labor of orhers) exist? The answer to that is probably yes since everyone working only for themselves wouldn’t really lead to much. So to me the question is at what point do we draw the line to say “ok too much of a discrepancy here between the wealth generated for the owner and the wealth/pay for the workers”. Maybe it could be answered by a simple rule, like, an owner of a business can never collect (in pay/stock value) more than 100x the pay of the lowest paid employee, or something. Similar to the disclosure on top pay vs bottom pay at the company, but incorporating the wealth generated from ownership too. I think it would lead to more long-term stock/ownership allocated to more workers. Flatten that pyramid.
Billionaires shouldn’t exist. But should business owners (someone who profits off labor of orhers) exist? The answer to that is probably yes since everyone working only for themselves wouldn’t really lead to much. So to me the question is at what point do we draw the line to say “ok too much of a discrepancy here between the wealth generated for the owner and the wealth/pay for the workers”. Maybe it could be answered by a simple rule, like, an owner of a business can never collect (in pay/stock value) more than 100x the pay of the lowest paid employee, or something. Similar to the disclosure on top pay vs bottom pay at the company, but incorporating the wealth generated from ownership too. I think it would lead to more long-term stock/ownership allocated to more workers. Flatten that pyramid.