Morning Must-Read: Joe Blasi: The Citizen’s Share: Reducing Inequality in the 21st Century

Anne VanderMey: Joe Blasi’s Easier Solution to Wealth Inequality?: “Joseph Blasi… along with… Richard Freeman and Douglas Kruse, wrote…

…The Citizen’s Share: Reducing Inequality in the 21st Century… corporate profit-sharing, employee stock ownership, and stock option plans…. The idea is rooted, he says, in the Founding Fathers’ original vision of widespread land ownership…. ‘Why isn’t our plan radical?’ Blasi asks. ‘Because the founders of the American revolution had this view. That broad-based capital ownership was necessary for the republic to exist.’… ‘We have to find a way for citizens to have some ownership of the technologies of the future…. We could have a future where technology creates a low feudal serf class—people with low wages or flat wages or high structural unemployment… or… a future where we have a smaller workweek and citizens broadly have more capital ownership’…