One idea is to make S&P as a company and every citizen under a certain (family) income bracket are allocated non-tradeable equal share in that company. Every listed company is to pay an amount equal to some formula derived from its share price and market value. The money collected every year in the pool is then divided among all shareholders equally.
- Mandate all entities to get listed and traded. Otherwise tax at a punishable rate.
- Simplify reporting obligations so listing is not painful.
- Reduce corporate tax to a fixed amount under-20 percent and income-tax under-15 percent so companies and individuals have incentive to register and get listed.
This would ties the single most important metric of capitalism, share price, to the democracy that makes capitalism possible at first place. Also all derivatives or executive compensation, investor returns are related to share price.
The division is periodically reassessed as people join or leave pool.
- Mandate all entities to get listed and traded. Otherwise tax at a punishable rate. - Simplify reporting obligations so listing is not painful. - Reduce corporate tax to a fixed amount under-20 percent and income-tax under-15 percent so companies and individuals have incentive to register and get listed.
This would ties the single most important metric of capitalism, share price, to the democracy that makes capitalism possible at first place. Also all derivatives or executive compensation, investor returns are related to share price.
The division is periodically reassessed as people join or leave pool.