The absurdly risk-averse "helicopter parent" culture that discourages children from learning by experience is a problem, but the anti-socialist diatribe goes too far.   A basic safety net encourages risk-taking by cushioning some of the shock of failure (and most startups do fail).  The difference in intelligence and ambition between a failure, a business that just pays the bills and a wildly successful enterprise is a lot smaller than the financial results would suggest.  Progressive taxation that helps counteract this distortion is not a bad thing, though in practice the rates ramp up a little to quickly, putting the upper middle class in the same bracket as the ultra-rich.