They’re not looking to shrink society. They want to take all the money earned by hard working, productive people and give it to the indolent. Then they want to eliminate the hard working, productive people so the indolent can enjoy the benefits bequeathed to them.
Unfortunately, the end result of all this will be all around misery, as the only people who knew how to produce wealth will be gone.
Except for the ruling elite, which will lack nothing and will enjoy a rich life.
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The trend seems to be towards feudalism.