Zalatix
DP Veteran
- Joined
- Nov 16, 2012
- Messages
- 3,228
- Reaction score
- 662
- Gender
- Undisclosed
- Political Leaning
- Socialist
Put aside all the whining about government regulations, taxes on the rich and so forth.
What will happen when workers' wages decline so much against the ever-rising cost of living that most Americans can no longer afford the iCrap, the new car, or even a house?
What will happen when funding for the roads and infrastructure dry up (as it is in the process of doing now) and nobody can afford to drive, much less on the remaining toll roads?
What will happen is the current rent-seeking bubble will pop because nobody will be able to afford to support these parasites.
Such is the inevitable consequences of destroying the social safety net, reducing taxes on the rich, and letting jobs leave the country. You eventually kill your source of economic rents. That's called an economic collapse, folks.
What will happen when workers' wages decline so much against the ever-rising cost of living that most Americans can no longer afford the iCrap, the new car, or even a house?
What will happen when funding for the roads and infrastructure dry up (as it is in the process of doing now) and nobody can afford to drive, much less on the remaining toll roads?
What will happen is the current rent-seeking bubble will pop because nobody will be able to afford to support these parasites.
Such is the inevitable consequences of destroying the social safety net, reducing taxes on the rich, and letting jobs leave the country. You eventually kill your source of economic rents. That's called an economic collapse, folks.