This is nothing new. The most socialistic era of US history was the 1950s with a 90% federal income tax bracket capping yearly income to a max of 5mil a year in 2026 dollars. That is how we ended the great depression.

When a CEO cannot personally get richer by cutting wages, understaffing, and outsourcing; all of those things stop. This is why republicans called everyone a communist back in the 1950s. It is sad that people remember mccarthyism, but completely forget the socialistic tax policy that ended the great depression and made it possible to own a home out of high school while raising a family off a single income.