The whole idea of venture capital comes from the broken taxation model. The people who actually produce things, you know doing the work and have knowledge how to do something are burdened with heavy taxation, because years ago, when companies had high headcount, it was a way to make companies pay taxes. Now that everything gets offshored, including work, that model doesn't work anymore, but politicians for known reasons (corruption) don't want to change that, so to plug the tax gap, they increase taxes on labour and continue the squeeze, while not touching the big companies and the rich.
This has created a situation, where educated and hardworking people can't amass enough capital to start their own business and their only way to get their idea running is to beg venture capitalists for money in exchange for a slice of their business or banks for a loan.<p>This has created a divide and widens the inequality gap on a scale not seen before in our lifetimes.<p>The rich get extremely rich, because they don't pay the same taxes as labour and they have so much money they own politicians and can make sure the status quo never changes.<p>This has caused things like "quiet quitting", because people no longer see work is worth anything anymore if you can't progress your life in any meaningful way.<p>All ladders to wealth and fulfilment that our parents and grandparents had have been destroyed.