At the risk of being repetitive, I’ve been arguing (and arguing, and arguing) that the United States should not turn its medium-sized welfare state into a European-style, large-sized welfare state.
Simply stated, that’s a route to economic anemia.
If you don’t believe me, look at this shocking chart, which compares European stagnation to American growth over the past 15 years.
The chart comes from a report in the Wall Street Journal. Here are some excerpts from that article.
Europeans are facing a new economic reality… They are becoming poorer. …Private consumption has declined by about 1% in the 20-nation eurozone since the end of 2019 after adjusting for inflation… In the U.S., where households enjoy a strong labor market and rising incomes, it has increased by nearly 9%. …Adjusted for inflation and purchasing power, wages have declined by about 3% since 2019 in Germany, by…
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Utopia, you are standing in it! 
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