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[quote=Anonymous][quote=Anonymous]Another point - if the federal government is decimated and regulatory work goes away, so does much of Biglaw work.  No merger enforcement work, no advising companies on regulatory compliance, no SEC defense, no government litigation.  Have fun making your hours without this work!  Enjoy doing insurance defense![/quote]
I actually think there is a ton of underestimation going on about the macroeconomic costs of severe government cuts. Government spending is a pretty damn big part of the economy. There are government programs that specifically stimulate the economy by putting money in the pockets of people, and this translates into more money flowing through the economy. Sure! Regulation elimination is great…for companies, not for people.

On a smaller level, imagine if you did do catastrophic (1m+ people) layoffs — you then have a big inflow into the labor market, which will significantly depress wages since employers have no reason to pay more. Depressed wages = lower demand for goods and services, less consumer spending. And you’d think then that prices would go down, but we have 100% seen that private industry instead hoards profit to give to owners and shareholders, so benefiting a top 1-3% of society.

Seriously - part of the reason that super rich people want the government cut is because any benefit is hoarded by them. Then there is this false narrative among trump voters that cutting “them” is good for “us”… somehow. And that people don’t deserve handouts and government workers are lazy…despite the fact that government workers *aren’t* any lazier than regular people, and many programs in trump-voting states are heavily subsidized by federal spending.

Jesus. 
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