Look at the numbers for Greece! If cutting transfer payments was all there was to it, they'd be sitting pretty. Meanwhile, Germany's transfer payments are worse than ours.
No, there's something else at work here other than simply the welfare state. My suspicion is that the Internet and automation are making the "ownership society" a reality. For as long as the money printers are feeding stockholders, it is they who are doing well.
The welfare state = dependency. The industrialized world is rapidly reaching a tipping point, where large segments of society are overly dependent upon government largesse to get by.
Any true effort to reform or limit it this will lead to political unrest and instability.
The welfare state is systemic. It has become the natural order of things and only a shock to the system will allow an opportunity to change it.
Those shocks are usually pretty ugly and unpredictable in their outcomes. Situations like what we are witnessing usually don’t end well for individuals or liberty.
Must be nice sitting on your ass collecting welfare benefits and free food at our expense. (not you Kaslin)
From the writer’s mouth to God’s ears. It could not happen soon enough to suit me.
This is a great post. It puts hard numbers to the argument.
I had just read an article making the same point but it lacked numbers.