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by tristan_juricek 4998 days ago
Better social nets probably would create much higher wages as employees think "screw this I'm gonna at least try it on my own", so companies have to up the ante.

But I don't see more entrepreneurs turning into economic growth. That takes a specific, rare entrepreneur that focuses on building growth, rather than replacing a paycheck.

On the flip side, I don't see less taxes becoming economic growth either. Taxes have to be pretty damn high to change your operations. The amounts usually talked about are not going to cause a company to say "hey let's build a new product".

The question should be "what's preventing companies from growing" instead of this class warfare framework. In the US, I see big companies being limited from growth by their own C-level executives' eye on their stock take - which makes no sense until you realize the amount of money they can gain from short term manipulation. But I see more of a problem due to bad skill sets - too many people have the wrong set of skills. A retail store clerk is not going to help anyone grow these days.