How would you feel if your work had the same say in company decisions as your boss?

I feel as if I had the same say in company decisions as my boss, that it would be wrong. My boss went to school and knows more than I do, so it would generate skewed results.

there will be chaos becouse the people of today are not mentally fit to make such calls

Employees should not have the same power over the company as their boss. However, employees should be able to contribute in some way to the company's decisions. In the end, a boss should be able to listen to their employees and tailor their decisions to fit what meets these needs while also deciding what is best for the company.