This is something of a follow-up to the previous post, as I have just been reading about someone else, James Meade, who proposed a Citizen’s Trust that would hold shares on behalf of the population – a type of property ownership certainly more real than Thatcher’s version in which we all own a lot of…
Month: November 2013
The Meidner Plan – spreading corporate wealth through ‘Collective Capital Formation’
Rudolf Meidner, one of the architects of the Swedish welfare state – a pretty impressive thing to have on your CV – wanted to go a step further than simply taxing corporations. He proposed that companies issue new shares every year to the value of 20% of their profits. This share levy would be passed…