I think we'll just see benefits slowly ramp up until most people are on benefits, with lots of consternation around government waste along the way.
I think we'll just see benefits slowly ramp up until most people are on benefits, with lots of consternation around government waste along the way.
Certainly not in Texas.
A single person, who makes $910/month before taxes, rent, transportation, clothes, and insurance, could spend a lot of time and energy on paperwork, and then net $24/month.
https://www.hhs.texas.gov/sites/default/files/documents/snap...
As long as the economic system can absorb it (and there are plenty of places with >20% inflation rate that survives,) you're right. But if it makes people feel they have "nothing to lose" on going against the rich, GPs scenario will kick in. Ray Dalio (and the Fourth Turning book) suggests this debt cycle is overstretched, and that we should _expect_ an uprising soon that resets it.