I'm sorry, but when you say "redistribution" I hear "communism", which is always totalitarian. This would prevent the non-harmonious social network from existing in the first place. Even if a company is owned by it's employees - it is the case with Meta, btw, they might still vote for the highest profit, which in some circumstances equals not being shutdown by the totalitarian head of state.

I do agree with having checks and balances. One of the pillars, missing here, is having a legislature which is not too busy getting rich to exercise its role in society.