Did everyone die in the USSR? Is everybody dead in Red China? I personally agree with your conclusion but I am curious to see how you come to that point.
Age old economic question: How much can the government take to redistribute?
I think the economic decline of US is largely due to the taking and redistribution of too large a
portion already. So, if your goal is limiting economic inequality--then I would say everyone will
live with overall less economic well- being, but everyone will seem more equal in this sphere of
life.