Remember, according to the Tax Foundation, we are spending US$1 TRILLION per year (as of 2014) in compliance and economic opportunity costs for the current income tax system. And some economists estimate over US$15 TRILLION in American owned financial assets are sitting in non-US banks for tax avoidance reasons. Radical tax reforms such as the Steve Forbes flat tax proposal from 1996 or the FairTax proposal described in that famous book from 2005 eliminate taxation on bank account interest, capital gains and stock dividend payments, and that means all the tax incentive in the world to keep savings and capital formation in the USA as much as possible. And that means stronger banks and a stronger stock market, things that will drive a roaring American economy (and eventually "float the boat" of other economies around the world).
In short, the Federal Reserve's play time is over; we now need fundamental overhauls of national taxation and business regulations for a real economic recovery and future growth.
Beware seductive solutions that involve the federal government monitoring every single purchase. Don't think that information won't get mined for all kinds of abuse. (Ex.: You buy a soda with your credit card. The FairTax percentage is added. The product, a recognized health hazard, is assessed a surtax. Your verified name, being on your CC, is cross-checked with the Obamacare records. Tagged as borderline diabetic, you're assessed additional tax to pre-cover predictable health expenses.) Remember, Income Tax as we know it used to be a 6-line form.
Best tax reform: federal government issues each state a bill for its fair share of federal revenue. Two guys working 4 days a year, issue solved. Let the states decide how to raise tax money, and throw their weight at federal spending.
But I digress from the thread.
Why have taxes at all, if the feds can just print money and route it to cronies via stock market interventions?
Beans, bullets, and the national bank of seeley are safe bets. If you don't have your wealth in your possession, then you'll probably lose it, or have it confiscated at gunpoint by the government.
Never underestimate the ability of a corrupt government. History will prove that out, time and time again.