The welfare cliff has been a thing for a long time. It's just been exacerbated recently.
It's hard for me to see the US turning into Argentina. It's just so big and has so much wealth and productive capacity. The US could definitely turn into a has-been like the UK though.
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100 years ago Argentina was one of the wealthiest countries in the world.
It was "so big and had so much wealth and productive capacity".
https://theeconomicstandard.com/argentina-from-rich-country-to-poor-country/
Socialism and the political instability it brings can destroy a country.
Read about what happened in Argentina and see if you don't see familiar things happening in the US today.
Yeah, I hear what you're saying. I just don't think the US will go down the path that far.
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