Funny how when redistribution of wealth is mentioned everybody gets all "oh noes, inflation! if poor people can eat then the food will cost too much." But this is kinda what we're seeing on the stock side... there's too much wealth aggregated in the hands of people who already have enough [food, shelter, education, etc] chasing a small world of actually-not-so-great-right-now investments.

The fundamental problem of capitalism is that it only solves the problems of people with money. Put the money in the hands of people with more problems, and those problems will get solved. (On the 'oh noes, inflation' side, many of these problems can be solved by services, which create their own supply over time as people take the new jobs created by new demand.) As it is, a massive amount of wealth is tied up doing nothing but looking dumb...

Sir, this is a Wendy's.

....but I'll entertain you, both of your first two sentences are about inflation. We aren't "kinda seeing this on the stock side" this actually is inflation. This is the expected outcome of inflation and what has been happening for 100 years in the US. With an unprecedented acceleration.

I think what you are missing from a "capitalism versus X" discussion is the nuanced discussion of macroeconomics.

Redistribution of wealth into poor people affording food has only a little to do with inflation, so I'm sorry thats the level of discussion you've had with people thus far. It has more to do with market signals as well as competitiveness of that market at all for private investors if they were to be taxed heavily in order to pay for it. They really can go somewhere else, and that is a great privilege which always has to be balanced with what policy makers attempt to do. Right now, there is a massive wealth distribution occurring in order for people to be able to stay fed, with additional payments in unemployment insurance, coming directly from the Federal Reserve creating new money. And there are many market signals missing, exacerbating misallocation of capital.

You have to realize that with the CARES Act, the Federal Reserve's charter has been modified by Congress. Things that were unfathomable and illegal for the Federal Reserve to do are now legal. The entire point of the Federal Reserve were so that Congress stayed out of managing the money supply as it would be a continual political distraction, and Congress always shied away from touching anything about the Federal Reserve's law until now.

So the entire discussion has flipped. Republicans and moderate Democrats will never call it socialism, they'll never call it universal basic income, and right now there is also no political will to tax heavily in order to curb inflation while paying for the same programs. But what is happening is massive inflation, from the state, into a lot of people's pockets, to keep the lights on for everyone. Many of those people are buying stocks, along with the wealthy and corporate recipients.