I think you make a good point and you are correct to a certain extent. In the short term, you are absolutely correct. INITIALLY, you will have the problem you described. There would be a significant transitional period. In the long term, however, I think everyone will be better off. There are all kinds of different theories, models, etc that have been thrown out there to describe how the transition will work. Do a google if you are really interested.
Let's end this discussion here. Not a political board. To me, this is almost similar to the abortion issue. Either you are for it, or against it, and no one will change your mind.