The thing that is often missed is that with high taxes and resulting high labour cost, you get high productivity. Simply because low productivity is not profitable.
This results in bad service, high quality goods and strong utilisation of capital goods.
But as others have noted the wealth disparity is increasing thanks to new policies and low interest rates leading to asset inflation.
This results in bad service, high quality goods and strong utilisation of capital goods.
But as others have noted the wealth disparity is increasing thanks to new policies and low interest rates leading to asset inflation.