[H8crilA]

The point is you can say goodbye to the S&P500 performance if unions become as popular as in the post-FDR era. You'll experience low to negative real performance for decades.

Find old Warren Buffett shareholder letters or opinion pieces from those times if you want a capitalist's point of view, the guy has been around forever and has seen this particular story play out. Also, he's still for greater wealth redistribution, but that's just his personal political opinion.