Legal definitions drive economic reality, the results of which we are discussing in this thread. What is the tax rate other than an "arbitrary legal definition"?
I consider my education an investment, by your logic that makes it a business.
Your education most definitely is an investment, and various economists have indeed calculated the returns on such investments. The ROI certainly affects students' choice of major, as well as the decision to even go to college.
Economically speaking, making an investment and expecting a return on that investment, makes it a de facto business. This is even recognized by the courts, as they've decided that a partner who supports the other going through college, is entitled to a share of the others' earnings afterwards.
You keep ignoring the primary point in order to argue semantics. Laws impact the economics of businesses operation, no matter how you define a business. The data tells us that our laws are maximizing wages for a small subset of the population. Other countries are not seeing this same divergence.
The laws in those countries are more similar to a time in the US where income was much more evenly distributed than today’s US laws. For those of us interested in improving the wage distribution for those in the bottom half, this is worth discussing. If you don’t think there is a problem, no need to comment.
> Laws impact the economics of businesses operation
Absolutely, they do. That does not imply the laws are not arbitrary.
> If you don’t think there is a problem
The US remains a country where poor people want to immigrate to in enormous numbers. Maybe they see something you don't.
Also, the share of GDP spent by the government has gone up, up, up along with increasing inequality. Maybe you should look at that? Somebody is paying for that. I suspect it is a cause of increasing inequality. The spending is so enormous that to ignore it when discussing other economic trends seems unrealistic.
I consider my education an investment, by your logic that makes it a business.