> This isnt a story of some ruthless baron aggressively beating his competitors in the market. He's literally just having the money handed to him as a redistribution by the government.
That is exactly why it's a failure of modern capitalism.
That is exactly why it's a failure of modern capitalism.
It seems like you just don't like our society. And then label our society as capitalist so whatever you don't like about our society is therefor a failure of capitalism. I mean sure, given those definitions I'd agree with you. The problem is that "whatever the US does" is not the definition of capitalism.
Is it a failure though? I'm amazed I need to say this on HN, but that depends on the KPIs you choose to use to evaluate the capitalist aspect of this particular tax policy. If the goal is that the rich get richer, its a capitalism success. If the goal is that everyone in society gets more leisure time and increased quality of life, it looks like a failure to me.