Re[2]: Meidner Plan

["Thomas Brandt" <tbrandt@dbedt.hawaii.gov>]

Thanks to Norm and David for this very useful feedback.  My initial reaction is
that a Meidner-like plan could be formed by labor unions to pool employee-owned
stock without depriving workers of voting rights, while still addressing one of
the weaknesses of ESOPs (lack of diversification).  While some will say this
will dilute the link between employee productivity and reward, I think the
counter-arguments may be stronger.  I also see this as another possible way to
broaden capital ownership on the subnational level that doesn't depend on
reforming the Federal Reserve and federal tax code.  I may have more to say
after I read the articles sent by David.

Mahalo and Aloha!

PS to David:  I don't expect you to remember this, but we talked about 15 years
ago when I first learned about ILSR.  I was a graduate student interning for
Clem Bezold at the Institute for Alternative Futures in Alexandria, VA.