I'll just quote Adam Smith, here;
"In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest.Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people."
To paraphrase, profiteering has more negative impacts than raising wages, and we shouldn't pay much attention to business owners who complain when wage increases are suggested; they're dishonest hypocrites.
"It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
The rich should pay more taxes, proportionally, than the middle and working classes.
"Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer."
Capitalist societies are meant to be built around
consumption, and the interests of
consumers. Not
production, and the interests of
producers.
"The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. ... The proposal of any new law or regulation of commerce which comes from this order ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it."
Businessmen's interests do not align with the public's, and they will lie and oppress to get their way, if they are permitted to. They should be given the highest scrutiny when making any suggestions to government, rather than inviting lobbyists in to focus your efforts on their gain.
Adam Smith, in envisioning capitalist theory while writing
Wealth of Nation (from which most of the above is quoted), was speaking
against mercantilism, and the system he was proposing cast off the idea of powerful merchants and businessmen collaborating with government against the interests of the remaining public. We've allowed those same merchants and businessmen to slowly rewrite the very meaning of "capitalism" to mean everything Adam Smith
opposed, somehow. What you're supporting isn't proper capitalism. It's mercantilism 2.0.
Modern "capitalists" who don't understand anything about the origins of capitalist theory and what its base principles are, that's how we're in this economic mess in the first place. Mercantilism is capitalism's
direct enemy, where socialism is an
ally in that same struggle. The mercantilists have successfully convinced everyone that true capitalism is actually socialism, and socialism is "bad", to conceal their own abusive practices,
exactly as Adam Smith said they would.