RE: How would I fix the US Economy
But with a debt, you cannot eliminate the Income tax, especially if it's ever escalating. It's easier on the budget if the spending is smaller, not to mention an elimination of income tax, will have immediate effects. Spending and investing would skyrocket, the economy would grow in a massive pace.
The military argument is redundant. You don't need a big military when you have nukes. Land soldiers and tanks are pretty inefficient, when you can launch rockets with the push of a button. So why not cut costs down?
I highly doubt there will be any way between superpowers anymore. The conflict between Russia and the US is just scaremongering. There will be no war . But maybe some military experts can disprove me.
What do you mean the country fragmenting? Getting back personal freedom is fragmenting for you? I don't think in the era of the internet and social media you need an iron fist ruler to keep the tribe together.
Humans are more civilized now than ever before, you won't have Bob next door creating his own tribe, that won't work anymore.
"But with a debt, you cannot eliminate the Income tax " Why? What does it matter where the money needed to pay on the debt came from?
Your military arguement is invalid. You are obviously uninformed. I see no need in discussing it any further.
"What do you mean the country fragmenting?" I mean 'Brexit' and it's looking more and more likely like 'Texit' In my not so humble opinion technology has effectivelly eliminated the need for large states. Using YOUR argument (which is still invalid, but it raises some interesting points about nations) if a powerful military is not needed then what are nations needed? The purpose of a nation is to protect the individuals so that they can 'do things' the purpose of the military is to protect the nation. If the individuals can 'do things' without the need of a military then they don't need the nation either. I suspect (it's already happening) that most, if not all, of the large nations will balkanize like the USSR and the EU. I would suspect that states might not go away but perhaps they will get MUCH smaller, perhaps the size of Monaco or the Vatican?
Humans are NOT more civilized than they ever were. The wetware is unchanged. (See Dunbar's Number, Behavioral sinks and Rat Utopia) The Collective Intelligence of a Group is inversely proportional to the group size. (the bigger they get, the more stupid they are, look at history for examples). To put it bluntly very large Groups (and nations) are insane. Chaos theory rules. There is no predicting what they will do.
Of course we're creating Tribes. The people who 'follow you' are an example of a potential embryonic tribe like structure on steam. There are tribes everywhere. If you are a football fanatic (hook em horns) then you are a member of a tribe. If you belong to any club or organization then you are a member of a tribe. They are created , grow and die daily. The only tribe that's a problem is the ones that are tax supported. They are exempt from the market and grow like cancer.
"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.