The other issue is we are going through an sea change in labor. Robots are replacing workers at increasing levels.
When you build an under class that can not work, because the jobs they used to do are automated, you have a problem.
You either find jobs for them to do, or tax those with jobs to support them.
...
True, but that’s an old problem. See the Luddites.
The best way to handle it is to create new jobs and that comes from entrepreneurs starting new small businesses.
The problem is for every 100 people perhaps 10 are suited emotionally for the entrepreneurial life.
Note the above numbers were not derived quantitatively from any survey or statistics. They are a qualitative estimates from a lifetime of observation. So likely to be wrong and I hope the number is higher!
Go to a lower class area.
Do you think the people on welfare, or working in McDonalds, are all small business people at heart?
Not to mention most companies pay good money to write regulations to hobble competition from small businesses.
For some, that will work. For the majority... Well go to the rust belt and see how that worked out.