VC-backed companies do exist in socialist countries (i’m from Denmark). maybe it’s all time Hacker News readers did start arguing for socialism: self-obsession exists now in more abundance than ever and capitalism is doing everything it can to broaden the cloak of its dreadful shadow

I guess my point is, the socialist movement in the USA seems to favor things like taxing income over 1MM USD at 90ish percent. At that point, what would possibly be the point of risking a 1MM investment to only make 10% if the company doubled in value?

Our system is already structured in a way to incentivize actually reinvesting and doing stuff with that money instead of adding it to one's personal hoard -- think that but enough to actually be effective

Socialism and unions aren't the same thing. You can have unions without socialism, and socialism without unions.