The ever-insightful Ellen Brown has an
excellent article about how to eliminate the income tax (at least on the non-rich) without exploding debt and inflation, and without cutting any services. But unlike Trump's plan which will replace the lost revenue with questionable tariffs like McKinley did, she proposes something like Abraham Lincoln did instead. That is, just print the money via the Treasury, no FERAL Reserve needed. That's similar to what Dr. Joseph M. Firestone calls "Overton Congressional Financing" and what Rodger Malcolm Mitchell calls "Monetary Sovereignty". It is an idea that is LONG overdue!
Not only could we eliminate the debt and non-rich income tax, but we could also finance so many things like fixing and upgrading our crumbling and outdated infrastructure, world-class education for all, state of the art technology, single-payer Medicare For All, and Universal Basic Income.
What better time than now?
