There is a problem with your logic and it is thus....what are you gonna do with all those billions you no longer need?
This is the old Socialist "Lump of Labor" fallacy that was in vogue back when bloodletting was considered a valid medical treatment. You should be ashamed for hanging onto such antiquated thinking.
90% of the population used to be involved in agriculture. Today that is about 2%. Last I checked, we do not have 88% unemployment. Why is that? Because those workers got jobs doing other things. Building farm machinery, cars, TVs, and other things as time went on.
You might be thinking, "Yes, but manufacturing is gone from the US." I would reply, "Only because we choose it to be gone." The reason manufacturing has left is because the US is not competitive anymore compared to the rest of the world. Several top reasons are that our tax code is an absolute nightmare and our economy is over-regulated to the point of absurdity.
Yes, yes, you'll be dismissive of assertion of "over-regulations". How about I quote some actual research on the subject.
The annual cost of federal regulations in the United States increased to more than $1.75 trillion in 2008. Had every U.S. household paid an equal share of the federal regulatory burden, each would have owed $15,586 in 2008. By comparison, the federal regulatory burden exceeds by 50 percent private spending on health care, which equaled $10,500 per household in 2008. While all citizens and businesses pay some portion of these costs, the distribution of the burden of regulations is quite uneven. The portion of regulatory costs that falls initially on businesses was $8,086 per employee in 2008. Small businesses, defined as firms employing fewer than 20 employees, bear the largest burden of federal regulations. As of 2008, small businesses face an annual regulatory cost of $10,585 per employee, which is 36 percent higher than the regulatory cost facing large firms (defined as firms with 500 or more employees).
That's $8,000-$10,000 that YOU are paying ON TOP of any taxes you pay. You pay it indirectly and in a form you never normally see. Your employer sees it though and they have to pay it one way or another. The two most obvious ways are higher prices and lower wages. Since these regulations affect the entire economy, and they are enacted over time, the effects are gradual as the over growing rule-book of regulation pushes prices higher and higher and wages lower and lower. So low that many manufacturing companies had no choice but to leave.
Do you feel like you are getting $8,000-$10,000 worth of benefit from all these government rules?
As stated above, large companies pay a smaller burden than small companies, which is why large companies keep getting larger and larger the more regulation gets passed. Small companies can't compete with the government stacking the deck.
Now, this doesn't mean we go back to the days where you dumped untreated sewage into rivers. Government is like fire; little bit properly contained is a good thing to have. The fire in my furnace keeps me warm in the winter. Just because a little is good does not mean that more is better. My house being on fire is not a good and healthy thing.
The problem is too much government requiring too many things in too fine of detail. (On top of the whole debasing the currency shenanigans that the Fed is doing.) We have children's lemonade stands getting shut down and government fining people for their toilets being half an inch too low. On top of a tax code that not even the IRS understands. Nearly $2 trillion a year in regulations. How much more before people question their religious belief in government?