In every country where Socialism is expanding, we also see government expenditures rising dramatically as a portion of GDP. Said another way, government consumes more of total national economic output to spend on two primary things: welfare and healthcare. In Europe, that figure is roughly half of GDP. In the US, by comparison, that figure is around 20% of GDP. We let the People keep more of their economic output, which is why historically the US has grown our wealth faster than Socialist countries. Alas, we've decided that we don't like wealth. So we are going the route of the Europeans and we'll get all the good (welfare and healthcare) and bad (slow growth, high unemployment, more frequent recessions) that comes with it as well.
I see..........if you take care of your population, that will lead to economic stagnation. EXCEPT..........many of the countries that do take of their populations and keep a lid on income inequality have some of the best economies in the world...........Germany, Sweden, the Netherlands, Norway, Denmark, Switzerland, Austria, etc. Its possible to have the best of both worlds.
Of course, as a 1%ter, you might be forced to give up some of your income. So let's be honest here.........your concern is with your own economic stagnation and not the US's. |
