Mark Cuban wants to solve wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock

For a man reportedly worth more than $10 billion, entrepreneur Mark Cuban spends a lot of time talking about wealth inequality—and how to distribute it more evenly. The ‘Shark Tank’ star has long shared suggestions—and has enacted his plans—to better balance income throughout the U.S. economy. One of Cuban’s ideas was to give employees company stock: he told a recent episode of the ‘What It Takes’ podcast that he awarded 330 employees at his media company, Broadcast.com, stock ahead of Yahoo’s $5.7 billion acquisition of the company in 1999. Three hundred of those employees became millionaires as a result, he said.Cuban also awarded equity and cash bonuses to employees of his first IT consulting company, MicroSolutions.

But the famed investor has now taken the suggestion a step further: If founders and CEOs don’t seek to share the wealth generated by their companies with their employees, they should be forced to give back to society by paying higher corporate taxes.

Writing on X, the cofounder of online pharmacy Cost Plus Drugs, was asked what his plan would be to reduce wealth inequality across the country. He responded: “Increase the taxes of any company that doesn’t offer equity to every employee on a pro rata basis to non-founder executives. If they get rich from the market,........

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