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Hot take: if the Waltons (and their ilk) had not built the walmarts of the world, to maximize profits by externalizing costs (food stamps for employees who are
by pfooti 9y ago
Hot take: if the Waltons (and their ilk) had not built the walmarts of the world, to maximize profits by externalizing costs (food stamps for employees who are not paid a living wage) and then dodging the taxes that pay for that externalization, then yes. Things would undoubtedly be better.
Pretty sure that if there were a much higher estate tax and other ways to de-incentivize generational wealth inequality that people would still find ways to exploit a semi-capitalist system by arbitraging the interface between public good and private service (c.f., the modern 1099 economy)