[Your Nightmare]

"And if it is not spent IT HAS ABSOLUTELY NO VALUE. "

From the Kotilkoff et al paper:
"Nominal federal transfer payments TR that are not taxed under current law must remain high enough to command the same goods and services under the FairTax as they do under current law."

What does the Kotlikoff quote have to do with what I said.

[pigdog]

You can't read???

[pigdog]

From your earlier post, your claim was:

"Under the FairTax, the value of all government transfers, including the FairTax prebate, would be reduced by the amount of the FairTax. "

The information posted from the Kotlikoff et al paper shows that statement to be incorrect:

"Nominal federal transfer payments TR that are not taxed under current law must remain high enough to command the same goods and services under the FairTax as they do under current law."