> the upside of this system is felt by the entrepreneurs, investors and high-skill employees in tech and finance, while the downside is concentrated with low-skill workers whose jobs are offshored to lower wage countries.
This is true only if we impose barriers to geographic mobility, which we do via artificial scarcity of housing in our major cities.
If we produced housing like we did cars, all the "low-skill" people would be able to move to the city and find a job in the many other services that require human labor.
> the government to lower the cost of high-quality education, build out social systems, and invest into onshoring select strategic industries by raising taxes at the high end.
We don't need more high-quality education nor do we need to onshore. We need to deregulate the housing market, we make it easier to migrate to the US (funny enough, yes that would help with inequality). And I do agree we need better social systems.
There is no way to frame this admin's policies that makes it look reasonable. It's a Crony Clown Club show.