Canada

imho I think this is the wrong way to go - there are some companies out there that continue to exist and thrive because they're not jerked around by shareholders. Valve, being a great example.

tax the fuck out of every asset imho, but no private business? eehhhh extreme solution that doesn't really fix the problems.

Probably better to limit ownership to directly interested parties, like workers and maybe customers

What if we ended private ownership of businesses. I don't mean ending ownership of businesses, but that every business became publicly tradeable. No more private ownership of businesses

Not sure if that would really lead to any significant change. Most billionaires "own" publicly traded companies. In fact, most billionaires became billionaires when their companies initiated an IPO.

The problem is that rich people can use their stock as collateral for huge untaxable loans. What we need to do is figure out a way to classify and tax these loans without taxing things like mortgages.

What if we ended private ownership of businesses. I don't mean ending ownership of businesses, but that every business became publicly tradeable. No more private ownership of businesses.

There's something to be said for mandatory stock awards to all employees (with no contractor sub-contractor loopholes) calculated to enforce a controlling interest among current staff.

Of course, arguably, I just described a union with more steps.

Edit: I think this won't necessarily need to be mandatory, after current shareholders wise up that their current crop of CEO's aren't actually serving their interests.

But, if it works, there's an argument to be made for making something mandatory to set a baseline expectation for human decency.

Which I suppose amounts to crowd-sourcing to staff things not currently handled by OSHA.

The same as now

The people that own it privately will have controlling public shares. Can’t force them to sell at a given value and if you did they would just have a diverse portfolio that they swap between each other

I think finding a private company that brings people the levels we are talking about here are not an issue

Profit sharing works better, after x earned, everything is divided up between workers

Enshittifcation would be mandatory via forced infinite growth to profit shareholders.

Instead, we can make the employees up to middle management and lower own a minimum of 60% shares of every company that way they're not constantly getting fucked and they actually have a voice.