Comment Re:And this too shall pass away. (Score 1) 639
Here's the rub. You stop paying to keep people above poverty levels and they start to get sick. Sick from poor infrastructure, sick from poor nutrition, sick from lack of preventative healthcare, sick from poor working conditions, sick from poor housing conditions, sick from poor education.
Soon you have a sick impoverished population that can't work, can't produce and requires increasing levels of emergency care. Soon the sickness begins to spread up from poverty into every class. Unemployable populace leads to a lack of demand leads to unemployment in all sectors leads to lack of demand and so on into full blown depression. The job makers can't make jobs if there's no demand, so they just keep their money which leads to a lack of liquidity and no money market which then prevents anyone who can find demand from borrowing. No demand, no liquidity, no productivity, no economy.
So go ahead and stop providing a basic level of prosperity. See what happens.