IRS gone?
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Because it is not real. None of it is real. The money is fake, the numbers are invented, the tangible goods exist but the value attached to everything is just a theory.
Real estate is one of the biggest shifts. Any major city has hundreds of thousands of residencies owned by Chicoms or Saudis. Entire developments created as money laundering fronts by hedge groups. When the switch is flipped, real estate crashes completely not because the economy is broken but because a roof over your head is no longer a luxury.
You move from sector to sector (education, healthcare, transportation, etc) and you will see the same change. I do not believe the shift will be we are all rich overnight but I do believe this
A family of five will once again thrive on a single income
Family wealth and inheritance will make a huge resurgence
Retirement will happen a lot earlier for everyone
Realistically, I think everyone will just get a class upgrade. Poor will become middle class, middle class will become affluent, and the rich will be able to continue being rich without needing to resort to the tactics and ethical quandries that lead to class warfare and the "eat/kill the rich mentality"
The family wealth/inheritance resurgence will lead to generational wealth and more people able to live free from the system. The awakening itself, spiritually and emotionally will lead to a stronger family and national culture of service to each other. You can see where this is going...? Realizing the full potential of free markets while actually accomplishing the pipe dreams of socialism/communism
Keep in mind right now between Child Tax Credit and social services we already have UBI. It is another reason everything is so broken.
That is where awakening comes in. People will change. You are right, never before in history. That is the "great awakening"
Awakened people will happily "upgrade" lower classes because it means humans stop living like lower domain animals and actually start living like humans.
That bankruptcy and entire restructuring will happen, but what is the point if we just end up in the same place? Think of how many parents took the jab cause "my kids got to eat"
This discussion is not even factoring the possible vaccine exodus. What happens when 4-6 pass%? Do we just demolish all their vacant homes, crush their cars, and put their money in Ukraine?