In summer 2020, a draft bill for companies under steward ownership was presented. Its authors propose to create a separate legal form for companies under steward ownership, in which the assets are tied up within the company and only people who belong to a group of people sharing a certain set of values and capabilities can become shareholders. The article examines if the proposed legal form can make a contribution to reducing social inequality: Elements of the draft can have a positive effect on reducing wealth inequality. But from an egalitarian point of view, the envisaged irrevocable asset-lock within the company is also problematic. It does not aim to promote the common good or the interests of third parties, but serves exclusively the wellbeing of the company. In addition, the asset-lock is likely to result in the state having fewer funds available for redistribution than it has had up to now.