TAX REFORM

The United States Government should use the current financial mess to reform the tax system. Abolish the IRS, drop graduated and indexed income taxes altogether, and switch to a consumption tax.

A consumption tax would be a "fair" tax in that it taxes those who can consume and how much they can consume. The IRS, in its mandate to tax "fairly" by using hundreds of rules and exemptions making collection a multi-billion dollar loss to the economy irrelevant.

If the financial disaster opens the door to new ideas and reform, taxes needs to be one of them.