if the new administration closes the gates, as you call them, the US would surely enter the death spiral soon enough.
I have to say, I don't know if it's just a bad thing that the population is reduced in this way. What is the real downside?
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The pool of potential immigrants is drying up anyway.
You completely misunderstand what happens with well below replacement fertility - is is not a gentle population reduction - it is catastrophic collapse of civilisation - mass suffering and death and a very dark future.
Fewer consumers means all companies have negative revenue and profit outlooks. Asset prices collapse. People are much poorer. No one invests in new things. Innovation dies. Stagnation and decline are the order of the day.
Fewer workers and more old dependents leads to an unsustainable situation where infrastructure can't be maintained and starts failing.
Old people are killed off or left to starve.
Skills and knowledge to run things are lost. Cascading collapse follows.
The California fires is just a taste of things to come in a low fertility society.