Earlier quoted context omitted.
I have a slightly different take: if your business is only profitable by the taxpayer subsidizing a relatively large number of employees wages with welfare benefits, you should be capped on how profitable your business is. In other words, you can be as profitable as you want but as soon as your business model relies on taxpayers to be viable, those taxpayers have a say in just how much profit is considered reasonable…
> if your business is only profitable by the taxpayer subsidizing a relatively large number of employees wages with welfare benefits Welfare does not subsidize employers, it is a subsidy /against/ employers. Giving employees welfare increases their wages because it increases their negotiating power.
If we apply market logic to that this would just mean that employers have to offer better deals.