Employees to be handed stake in firms under Labour plan


The Guardian has the article Employees to be handed stake in firms under Labour plan.

Employee ownership schemes in large companies could result in almost 11 million workers being given up to £500 a year each, in plans to be expanded upon by the shadow chancellor on Monday.

Under the scheme, every company with 250 or more employees will be expected to create an “inclusive ownership fund” (IOF) under a future Labour government, John McDonnell will say.

A plan something like this has been on my mind for the USA Social Security system since the 1990s. Refer to my 2013 post Saving Social Security: A Better Approach.

A search for Franco Modigliani on this blog will garner you a slew of past article.

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