in a country where workers get a fair share of the profits, you would have enough money saved to buy a house without lending money from a bank, and buy food for 10 years, after working maybe 1 or 2 years 40 hours a week. you wouldnt have to pay rent for your house to the assholes who currently own all the companies and houses.
if a company bankrupts in a society where people get a fair wage, that is fine, they can get a fair wage somewhere else. or not, and then they can get a nice handout from the government that is paid for by all the extra taxes that the other workers pay over their higher wage, instead of all the profit going to panama through a tax loophole. as long as the money stays in europe and is spent here, giving people free money doesnt cost the government anything. it all comes back in taxes eventually.
distributing money better doesnt mean everything will become more expensive.
simple hypothetical example: 1 liter of milk costs 1 euro now. 50% of this is wages for workers, 50% is cost of the milk and storage tanks and transport trucks and factories etc.
you double everyones wage. the cost of the wage for the people who make milk doubles. the cost for storage tanks etc will also slightly increase because they also require labour to make. but raw material, the steel used in the tanks, and the milk itself, will not magically become more expensive.
so, lets say milk now costs 1,60 per liter. but everyone gets double the money. so we can all buy more milk.