“The biggest downside I see from Trump’s proposal would be IF the tip income would no longer be credited for Social Security purposes. In other words ideally exclude it from INCOME TAXATION while maintaining it under SOCIAL SECURITY CONTRIBUTION coverage.”
Many states run investment systems to pay government pensions.
People might be allowed to provide for their retirement via their state pension investment system.
Trump understands the multiplier effect of cash. The money will eventually be taxed a hundred times.