Just get rid of corporate income taxes. Get rid of all taxes. During the Era of Good Feelings, our tax source was tariffs. We can do that again.
But there is a powerful argument to be made that we can simply print whatever money we need to keep the dollar stable, and spend the newly minted money on whatever we need. With 5% growth of our 20 trillion economy, that's about 1 trillion dollars.
What would the growth be with zero taxes? I think 10% or 20% would be on the low end of estimates, which represents $2-4 trillion of free money that has to be spent to keep the dollar stable.
If we stop letting banks print their own money, and either loan them the money from congress, or just spent it and let them only loan out money they actually have, then we wouldn't need any taxes.
Just get rid of corporate income taxes. Get rid of all taxes. During the Era of Good Feelings, our tax source was tariffs. We can do that again.
But there is a powerful argument to be made that we can simply print whatever money we need to keep the dollar stable, and spend the newly minted money on whatever we need. With 5% growth of our 20 trillion economy, that's about 1 trillion dollars.
What would the growth be with zero taxes? I think 10% or 20% would be on the low end of estimates, which represents $2-4 trillion of free money that has to be spent to keep the dollar stable.
If we stop letting banks print their own money, and either loan them the money from congress, or just spent it and let them only loan out money they actually have, then we wouldn't need any taxes.