Work to Own is a non-profit founded by Bill Mundell that engineers market-driven incentives to motivate companies to transfer equity to a broad base of America’s employees and gig workers.
Our strategy is action-focused, informed by forward-thinking business leaders, and shaped by leading financial engineers, economists and broad-based employee ownership thought leaders. Together, we are working to rebuild the middle class and realize the American Dream.
ECONOMIC INEQUALITY AND ITS RISKS
According to the World Bank, economic inequality in America is greater than in Russia, China, India, and any European nation.
2021 Federal Reserve data shows that 10% of American households own 77% of its wealth. The bottom 50% own less than 3%.
Left unsolved, economic inequality is a key factor in growing political division, increasing racial tension, and a rise in crime and violent extremism.
ASSET OWNERSHIP: A PROVEN SOLUTION
As part of the New Deal in the 1930s, President Roosevelt’s housing mortgage policies resulted in home ownership rates growing from 44% in 1940 to 62% in 1960. The middle class was born.
Today, company ownership is the new home ownership. Company ownership renews the “culture of we” needed to rebuild our economy and the nation.
We are working with leading California tax advisors to analyze the tax code and design Policy 1.0. Once its design is completed, and its impact assessed across the California economy, we plan to propose Policy 1.0 on the California ballot in 2024.
Work to Own is an internal nonprofit project of The Giving Back Fund, a 501(c)(3) tax- exempt organization. Donations are tax deductible to the extent allowed by law. EIN: 04-3367888