Well, you're 870 posts in -- point me to a post number. I tend to disbelieve you from my own instinctual reading, but I'll look at your guys' stuff.
And I'll say it again, I think this is just a way of reloading the Boomers as they go into retirement and their top-line incomes fall, frankly.
I'm not going to go thru 870 or 87 posts.
In a nutshell...
Price will fall due to competitive forces thus relieving the burden of double taxation as they withdraw and spend their money.
Seniors will, like everyone else, get a prebate check to cover the tax on their new expenditures.
There will be no estate taxes, no gift taxes, no inheritance taxes to drain off their wealth.
Their SS will not be taxed. If they choose to go back to work, they aren't limited in what they can earn.
Might some seniors be hurt? Sure.
But their children may now be better able to help them because they too will be freed from the burdens of the FIT.
When all is said and done, the economic benefits are only the tip of the iceberg. There are so many implications for liberty that I get excited thinking about them.
Gone will be an intrusive and fearsome IRS.
Gone will be the slave aspects of the FIT.
Gone will be the hold on free speech under the threat of losing tax deductibility.
Gone will be the socialist redistribution of wealth with inheritance tax, gift taxes, and estate taxes.
It's 4 AM. I'm tired, but the list goes on. This measure is worth more than the money.