Woodford Foundation for Limited Government

Economic inequality is driving political discussion and action in the country, and unless this condition is improved considerably it will almost certainly be a very significant, growing and harmful matter. Very few, if any, actions by government will be able to correct the problem and most will probably make things worse. But our recommendation about profit sharing would address this in a constructive fashion while maintaining the prosperity that only comes from free market capitalism (not to be confused with "crony capitalism" which favors only the few). Significant employee ownership would also be helpful wherever appropriate. If all people involved in enterprises are working to maximize profitability and are rewarded appropriately (even with the ups and downs of firms over time) both income inequality and wealth inequality would be reduced, and political division would decrease substantially.