The #ownershipeconomy is coming and here to stay. The next 10 years will be a momentous decade for the will of the people to unite and overcome wealth inequality and financial inequity. The wealth inequality gap means the world's richest 1% have more than twice as much wealth as 6.9 Billion people, while half of humanity is living on less than $5.50 a day. And inequality is sexist too.
The very top of the economic pyramid sees trillions of dollars of wealth in the hands of a very small group of people, predominantly men, whose fortune and power grow exponentially. With less income and fewer assets than men, women make up the greatest proportion of the world’s poorest households, and that proportion is growing.
Addressing this extreme gap, however, is not just a political choice. There is a need for a paradigm shift in the way equity and wealth is redistributed, a shift away from government as the main intermediary of redistribution to a focus on the economic relationship between customers and corporations. Think about this, only 4 cents in every dollar of tax revenue comes from taxes on wealth while the ultra-wealthy avoid as much as 30% of their tax liability. A better mechanism to redistribute wealth that aligns the incentives of corporates and their customers is an ownership economy on a global scale.
Bits of Stock is leading the way to an ownership economy and we call out others to follow. We don't just talk the talk, we walk it as well. We don't only allow other companies to give shares but we are giving away free shares in Bits of Stock as well to prove the concept. It's not just a giveaway, it's to give us a way to an ownership economy.