The problem is such changes, although altruistic, when done by the government, interferes in the free market. That always leads to more problems. The open borders seem do altruistic, but has created a new set of problems.
Those in power then think, if you can interfere in the free market on behalf of the poor, then we can make more money interfering on the behalf of the rich. All you can do with the poor is skim. A charity can take a cut for a finders fee and nobody cares. But interfering for the rich can offer generous golden parachutes, like a fancy book deal, so it all looks legitimate. That was the Obama's kick back for their fortune.
The result is the free market increasingly becomes the slave market to Government regulations, all the way until business is enslaved to the state; socialism 1.0. The current state of affairs is the huge National debt, no change in the poverty level, and now we have American Oligarchs. This is all due to a hybrid of Socialism; DNC, in Capitalist clothing; RNC. The next step is take over the oligarchs; regulate, and kill the free market, Marxist 2.0. Then all goes to crap. These who seek only power lack any other practical skills, so they get paranoid; law fare, and then lie and strike in advance; Marxist death squads and internment camps. How many US Socialist want Trump in an interment camp or worse? He makes the socialists paranoid.
The only reason some of the Socialism is America seems to work, is the national debt pays for the efficiencies; illusion. If we stopped borrowing and had to balance the budget, the socialist aspects would make the whole become a piece of crap; collapse. We would have to purge the Government of all the dead wood. Then we would need to remove the hand cuffs of regulation designed for power, and not for free market productivity. Then America spirit of the free market, would turns things around; Trump.