Yup that scheme is going to F US. However, huff is entirely correct about the need for mass immigration. Aging population, with a decline in birth rates, is going to wreck Europe. China too. Elon talks a ton about this. We get a 20 year front row seat to see how they handle this before it comes home to roost here
I won't claim to have the answers, but put forward a few thoughts and encourage others.
I see several problems, foremost being a monopolized, fiat currency underpinned by the American taxpayer who is, in reality, the asset when talking about the 'full faith and credit' of the nation. And through it's dual mandate of full employment and 2% inflationary rate, the banking cartel we term the Federal Reserve issues currency to and indebts us, the asset. While it manipulates the supply to either choke off or stimulate the economy, and creates cycles of boom/bust and wage/savings erosion. For instance, the illusion that "my house is worth 3X what I paid x years ago" while purposely induced inflation and debt spending is eating 37% of your dollar each decade, aside from income and property taxes.
Behind the Fed locomotive engine, is the long cargo-line of our national debt obligations, foremost Medi, Social Security, and pensions that are unfunded (or will be) obligations. We're at about $35T of funded obligations, which has grown to such size we service the interest payments but not principal, but those unfunded obligations may be 10x that amount, $350-$400T. Heck, let's say it's half that. Our 2024 GDP was around $30T, and estimated Fed tax receipts of $5.5T in 2025. We are the organ-grinder's monkey. And we're led to believe deflation is the worst of economic evils.
I think mass migration is stacking the pyramid blocks higher while the foundation is shearing away. To consider the labor supply in a tax revenue-generating vacuum; we're saying ignore the fundamental problem and using a band-aid in a tourniquet application; we'll just bleed-out slower, and eventually no amount of triage will be enough. I've no expectation Europe will have any answers. They're further down this dysfunctional path and more 'democratic', which means fewer tools oriented in constitutional liberty to work with. I'd bet a $ to a dime their solution will higher income taxes, similar to the Nordic countries which are competitive insofar as corporate taxation, but have quite high personal tax rates to support social spending.
I know; TL, DR - I'm glazing over, myself...
Assuming there's some basis of agreement here, what the practical steps down the path? A direct frontal assault on the Federal Reserve will die on the vine, so how do we begin boiling the frog one leg at a time? Perhaps the tax system which is the primary mechanism by which politicians incur corporate generosity and endow wth tax favoritism to engineer society, and has resulted in a smiley-face form of fascism we call corporatism - ?