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The free market capitalist types always wanna talk about incentives. Wages incentivize working exactly as hard as necessary to not get fired and not one iota more. Stock ownership incentivizes maximizing profit for the business: higher output, fewer sloppy mistakes, extra care and effort. Shockingly, workers are spontaneously encouraged to actively help the business succeed when they actually see a return on that increased success, who knew?
To be fair, you have to consider the large number of Americans disenfranchised from voting, precisely because they were demographics who would have voted against this.