Tax rates on small businesses - especially in my county/state combination - are absolutely brutal and have significantly gone up over time in comparison to larger businesses as a percentage of revenue. There's a lot of reasons for this, none of which I think are deliberately intended to harm small businesses, to be clear, but it's frustrating all the same.
Knowing nothing about nothing, I wonder about the role of financialization and tax policy in driving this transition. Stuff like the preference for growth stocks over value stocks, replacing pensions with individual retirement accounts, and cutting capital gains taxes.
However we got here, my belief (hope) is our economies would be more resilient with more small to mid-size companies. Ditto more fair.