Socialism -> bigger government -> it doesn't work and the economy gets worse -> socialism cry for bigger government -> bigger government -> it doesn't work and the economy gets worse -> socialism -> bigger government -> it doesn't work and the economy gets worse -> cry for more socialism -> bigger government
->
->
->
and on and on and on and on
Until the economy is so bad people can't afford to eat and then they will finally figure it out.
See: Spain, Greece, Japan, Portugal, etc.
Works both top down from taxes and bottom up from inflation. First they came for the 1% and I said nothing because I was the 10%. Then they came for the 5% and I said nothing because I was the 10%. Then they came for the 10% and the 11% didn't care. etc.
And for the bottom up. First I couldn't afford gas so I take the bus. Then I couldn't afford meat so I ate beans. and on and on and on until people finally figure out to just let the economy ride and stop stealing from the younger generations (or they run out of the ability to steal from the future generations)
Which is going to be awhile for this all to play out. There is a high standard of living in the USA so this can go on for a long, long time. Not that it is a good idea. Standard of living will just keep declining until the losses from 2008 etc. are realized. That might mean bank failures of bad banks etc. It wouldn't be pretty but its better than taking the standard of living to zero before we figure it out.