Except that it's a dead rat dressed up to look like a cat. The "summary" is a collection of half-truths, lies, and exaggerations that is more humor than fact.
No they are not. These are objections which spring to mind with minimal thought by anyone examining this issue. Anyone not a True Believer or not blinded by hatred of the IRS that is.
The TBs argument is torpedoed once one understands microeconomic theory and price formation but they don't have to worry much about that since few people other than economics majors grasp these subjects.