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RE: How would I fix the US Economy
"But with a debt, you cannot eliminate the Income tax " Actually we could. Imagine the US Economy were to convert to a cryptocurrency and a blockchain. Like Steemit but on a much grander scale. Imagine that the US government were restricted to ONLY the amount of money they could mine?
Yes but if the income tax would be eliminated tomorrow, the budget deficit would become huge and the debt would increase even more.
The economy either outgrows the debt, or we need to default, and the first option is hardly possible anymore.