The problem that VC has become a new normal is the asymmetry between how big corporations and wealthy people are taxed versus employees. It's not uncommon that

The problem that VC has become a new normal is the asymmetry between how big corporations and wealthy people are taxed versus employees. It's not uncommon that a millionaires effective tax rate will be in single digits, whereas an engineer may be paying even as much as 55% of tax and that even before local taxes and bills. The taxation needs to be rebalanced otherwise you create those new gods who gatekeep who can run with their business idea and who cannot. I'd say VC is a result of improper regulation of capitalism and the fact that corporations and wealthy individuals through lobbying and corruption were able to amass wealth that is anomalous. The solutions for this won't be pretty.