"And if it is not spent IT HAS ABSOLUTELY NO VALUE. "
See #569.
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."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."