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How does that work? Say your a union for Siemens. Is the company just supposed to hand over $10B worth of equity?

Basically. I would expect a system where this happens over time would be more palatable though.

And where would the money cone from? Or you expect the company to just hand employees billions in equity for free?

Yup. The idea would be that you must be compensated in ownership and wages.

So wages are going down? Because ain't nobody getting $10B in free equity.