"Is employee ownership a better way for businesses to beat the Big Quit?" -great piece from @rickspence at @corporateknight. #Employeeownership solves a number of public policy challenges, including business succession. Also protects local jobs and supports wealth for workers.
@rickspence@corporateknight "In the U.S. and the U.K., enthusiasm for employee ownership is well established. In Canada, which has no special legal mechanisms to promote employee ownership, support is mainly theoretical." @rickspence@corporateknight
@rickspence@corporateknight "A survey last spring by the Canadian Federation of Independent Business found that 59% of business owners favour introducing policies similar to those in the U.S. and U.K., and 53% said they’d be more likely to sell shares to their employees if such policies are introduced."
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Bill Young, founder of SCP, appeared in @ReportCharity with a strong perspective on how foundations invest their money. Bill is in “favour of taxing the investments of private and public foundations". #cdnpoli#movethemoney
Bill is advocating to have all investment earnings of charitable foundations (except impact investments) be taxed, starting in 10 years. This gives foundations ample time to consider investments and make changes. #cdnpoli#movethemoney
Bill believes that such a policy change would would force the "redeployment of tens of billions of dollars-mostly tied up in conventional stocks and bonds-into investments in affordable housing, clean energy, and other socialpurpose businesses or community bonds." #cdnpoli