General Discussion
In reply to the discussion: Mayor abruptly slashes wages to minimum for Scranton City Workers [View all]FrodosPet
(5,169 posts)So the enterprises will be owned by employees, not the federal government? And then taxed and regulated the same as non-employee-owned businesses?
Do the employees receive profit sharing on top of salaries? Would it be structured like a publicly traded corporation, only with ownership limited to people who perform labor for that enterprise?
Will start up funds and capital expenditures be provided strictly through loans, since there cannot be equity outside of the employees? What happens if the enterprise is incapable of repaying the loans?
When someone takes a new job, what happens to their share of the business? Do they lose their ownership? Will they be compensated?
Do you, or anyone else reading, have a good, DETAILED description of how socialism affects people's day to day lives?