> socialist than capitalist [...] federal tax rate

My dude, you're acting like Federal government is the only government that matters. It's a common mistake, but in this context it's fatal to your argument.

It's fatal because federal spending is the least relevant kind, since so much of it (and so much of its growth) is for the military, and military spending indicates very little about whether a country is socialist or capitalist on the inside.

In contrast, state/local taxes and programs are--even today--still a majority of the spending that actually tells us anything useful for a socialist/capitalist spectrum, the stuff that involves schools, libraries, policing, homelessness, property rights, etc.

What does the relative level of government spending versus taxation have to do with whether businesses will self-regulate? You're just spewing non sequiturs here.