I didn’t say anything about America, I think the concept would occur anywhere. As another said, robber barons are the real problem, and they do so through other financial vehicles/ means.
The remedy remains the same. There are countries where imposing it on the working class would not work because the working class would fill the streets.
I’ll agree to that sure.
My overall point is that to improve the conditions of the working class, other techniques would be more durable, and more safe, such as getting the hyper wealthy to pay their taxes, or getting laborers a greater stake in the profits of the company where they work.