I haven't claimed it is, but see: if we make taxes high enough, especially progressive taxes, we avoid poverty, but we also prevent accumulation of wealth. If

I haven't claimed it is, but see: if we make taxes high enough, especially progressive taxes, we avoid poverty, but we also prevent accumulation of wealth. If we have employment laws that make it difficult to fire people, we have job security, but we also don't have any startups (how do you hire people there if it can go bust and you can't easily fire them, and why would anyone go to work somewhere where job isn't secure while elsewhere it is?). There are many ways in which it works, and bottom line is: you either have crowds of bums, piss and shit and needles in the street but also ways to get rich from nothing if you work hard, as in the US, or you have neither, as in Europe. It's about choices. Letting people win big means making many more people lose. Cynical approach is to do business and invest money in the US, and live in Europe. Which is actually what i recommend and what i do myself. With full understanding that i am living in a dead end place which is about to become sort of a living museum already in my lifetime, a human zoo.