[ConsistentLibertarian]

"Hyper-capitalism can lead to oligarchies where only the elite have and can maintain wealth."

That's the argument Warren Buffet and Bill Gates Sr. give for maintaining a stiff tax on estates worth more than so many millions.

[RockyMtnMan]

There is truth to the statement. For some industries, like retail, competition is stagnant in that only the existing players can afford to compete. If you tried to get capital to start a retail chain that competed with Walmart the VC's would laugh you out of their offices.

Is it acceptable that there will probably never be a new competitor in Walmarts space?

I'm also worried about those just graduating from college. How will they "cut their teeth" in the business world when entry level jobs are hard to come by and don't pay enough to support a family in the "middle class" lifestyle?