The thought of being remembered for something so bland and boring is weirdly scary to me. Maybe Felix was on to something when he talked about how settler-colonialism hollows out your soul and kills any culture, creativity or national identity you might've otherwise had. 
Edit: 🔻 🔻 🔻 🔻 🔻 SETTLER DOWN 🔻 🔻 🔻 🔻 🔻
Our posts basically agree.
Yes there will be a reduction in quality of life for basically every American labor aristocrat. There might be things to offset that like less mental stress of expenses like health insurance or taxes or whatever, or more efficient use of resources, but at the end of the day those people would have a lot less disposable income to spend on random stuff because being able to buy random stuff is not sustainable.
The idea that socialism is so much better and more efficient that it will magically solve most resource constraints and other issues the world has right now is the same kind of magical thinking where people assume technology like solar panels or electric cars are going to solve climate change. It's never that simple (I think we agree).