Comment by dgregd
9 years ago
He proposes a soft version of Socialism [1]. You can own a company but you will have to pay additional 20% income tax or 20% VAT (I am not sure how to gather in taxes 20% of GDP).
[1] https://en.wikipedia.org/wiki/Socialism "There are many varieties of socialism and there is no single definition encapsulating all of them, though social ownership is the common element shared by its various forms"
It's remarkably similar to market socialism, discussed briefly by Matt Levine here: https://www.bloomberg.com/view/articles/2017-11-22/uber-hack...
and Matt Bruenig here: https://peoplespolicyproject.org/2017/08/17/index-funds-are-...