Only solution I can think of is higher taxes for the rich used to provide universal income. I'm not sure how the realities of that would play out, though.
Anything based on a free market just ends up in.. this.
Anything based on a free market just ends up in.. this.
We can also remove all of the loopholes that result in the biggest companies paying basically no taxes. I also think it may make sense to have a dramatically different tax structure for businesses than effectively income tax.
Unfortunately, the rich are the ones most capable of buying democracy, and the current set of politicians seem to very much welcome the money...
After WW2, when tax on the wealthy was far greater, sometimes 95% of their income (in the UK at least), it was the period when the largest number of ordinary people were raised from poverty to middle class status, yet the number of rich people also increased greatly. When that stopped, wages stagnated, and now we have a cost of living crisis. Connect the dots, lol...
Many people think that the market is either 100% free, or 100% controlled, but a free market that operates within defined limits that will stop the greatest excesses of the rich ruining things for everyone else is the sweet spot we should be aiming for.