Income inequality in OECD countries is at its highest level for the past half century. The average income of the richest 10% of the population is about nine times that of the poorest 10% across the OECD, up from seven times 25 years ago. So how can governments and businesses reduce the wealth gap when many people struggle with day to day living expenses? A universal basic income or increased taxes on the ultra rich are debated solutions but what about helping ordinary people create a passive income, in addition to their wage? Inspired by French economist Thomas Piketty, Dutch entrepreneur Quintus Willemse believes that capital distribution can be more equal if employees co-own the company in which they work. Quintus Willemse told Innovation Origins about his new ideas and the start-up Share Council.
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