It will absolutely never happen in the US but similar ideas are floating around France where there is real support and likelihood of something happening before

It will absolutely never happen in the US but similar ideas are floating around France where there is real support and likelihood of something happening before 2025. The Accountable Capitalism Act is too complicated. The remedy here is quite simple: * Tax share buy-backs into non-existence. All the available evidence indicates that corporate buy-backs help nobody but the corporate officers who authorize them. * Make corporate dividends into pass through transfers. In fact, consider giving corporations that pass on X% of their profits a tax break. * Severely lower taxes on options and share-in-kind salaries. This is probably the most important thing: you want to encourage corporations to pay their workers in equity. * Ridiculous executive compensation is a problem in theory but it doesn't really matter, frankly, how a corporation divides its income payments. The only way to generate meaningful wages and wage growth for specific workers is to strengthen those worker's negotiating power. That means stronger unions. There's a lot the government can do to support unions but a good start would be making union dues tax free. In fact the government should probably collect and distribute all union fees. It becomes a standard withholding. Codetermination where unions get board seats is also good and has worked wonders in Germany. * A Job Guarantee is perhaps the most effective solution but is somewhat radical. But there are incremental steps that could be taken in this direction. Tax breaks on worker training et al are the first step. There was a time, believe it or not, when corporations invested heavily in their workers. Today training is regarded as pure overhead and the result are workers that are, frankly, not that useful because they are over-specialized. The government should also provide tax credits (!) for personal expenditures a worker undertakes for their own training. This goes beyond expensive college courses: workers should be encouraged to attend conferences, seminars, workshops, buy books, and donate their skills in the service of charity. (Yes tax credits for open source.) Encouraging worker training and worker re-training through generous tax breaks would go a long way towards the structural unemployment that grips much of Europe. The massive inequality that's drowning the West isn't really a problem of of corporations abusing workers. The problem is the governments who have willingly decided to serve the corporations and abandon the workers (combined of course with the insane desire to not build new housing in their major cities). The result is the most slack labor market ever and wages that have gone nowhere for forty years while corporations hoard giant useless piles of cash.