But the top 1% provide the jobs. Unless the bottom 90% collectively strike, or you "nationalize" everything (that works really well /s), what ya gonna do about it?
I agree, at least once the company is well established, but they do own them. If you nationalize them, or somehow make it so the company "serves the greater good", rather than the interests of it's owners, the results are disasterous. It's playing out in Venezuela now.
It's harsh, but for cities or even countries the bottom xx% is a net drain.