100% this. I don’t know how long we have to go on pushing at the “wealth will trickle down” door to discover it’s utter bullshit and always has been. The answer isn’t private companies, because they’re continuing to take the piss and make a small number of people incredibly wealthy at the expense of the majority.

It’s never a popular thing to say on HN but the country the typifies inequality most starkly is the US - and it’s also the one with the biggest set of problems: huge issues with drug use, obesity, widespread unhappiness, simmering resentment, a divided nation. The countries that are getting this right (and by right I mean GDP, happiness, heath, pretty much any meaningful index of “a good life”) are the ones that fund public services, healthcare, education, etc through higher taxes.

~ braces for downvotes ~