Otherwise, you’d have looked at other comparable economic powers worldwide that provide a more socialist alternative and see that they are nowhere near the inflation rate you’re describing, e.g. France.
Granted, it’s not $30K a year, but $7.5K for a single person, with free healthcare & education that could be considered a form of income.
Doing the same maths as you did, round it $10K per person and you’re at 30% of GDP.
It’s been running for years and debt levels didn’t skyrocket much higher than the US.
Otherwise, you’d have looked at other comparable economic powers worldwide that provide a more socialist alternative and see that they are nowhere near the inflation rate you’re describing, e.g. France.
Granted, it’s not $30K a year, but $7.5K for a single person, with free healthcare & education that could be considered a form of income. Doing the same maths as you did, round it $10K per person and you’re at 30% of GDP.
It’s been running for years and debt levels didn’t skyrocket much higher than the US.