Sort of like Ayn Rand’s excellent Atlas Shrugged, when eventually enough barriers to building companies and forming wealth occur, they will stop trying. See the WSJ article about this.
This impacts HPC, as smaller folks with good products, and awesome future products now see enough uncertainty that many are hedging their bets. Which means not taking as many risks. Or hiring as many people.
Funny how that economy thing works. Jobs are created when entrepreneurs take risks that result in capital formation. Anything that impedes this (higher taxes, uncertainty of the meaning of 2500 page legislation that impacts every business top to bottom, inflation, cost of capital, …) works against job creation.
This ain’t rocket science.