Global Wealth Tax + Worker Ownership Fund (WOF): Structural Redistribution at Scale
Description
5 trillion/year globally. (2) A Worker Ownership Fund requiring companies above 250 employees to issue 1% equity annually to a worker trust, giving employees collective ownership stakes. The wealth tax funds universal public services and citizen dividends.
WOF addresses concentration at the firm level, creating structural counterweight to founder/investor capture of productivity gains.
Implementation Pathway
Required Resources
Impact Analysis
Overall Net Impact
Combined analysis across all timeframes
Short-term
0-2 years
No benefits identified
No harms identified
Mid-term
3-10 years
No benefits identified
No harms identified
Long-term
10+ years
No benefits identified
No harms identified
Discussion
Discussion (1)
The Worker Ownership Fund converts a redistribution mechanism into a capital structure reform — brilliant. The 1-2% wealth tax is calibrated to historical precedent (Sweden's pre-reform rates). My concern: in a world of global capital mobility, wealth tax without international coordination becomes a capital flight tax. Have you explored binding through G20 coordination plus automatic CBAM-style tariffs on capital outflows from non-participating countries?