The parting swan song of the Democrat-controlled Congress was the Omnibus 4,000-page bill that no one read and earmarks millions for new IRS agents, Well, is this going to make the IRS more efficient? And if so, what for? After the Bush administration opted to keep the income tax, but just make it simpler, it boggles the mind as to how blind the bipartisan brain trust can be.

After 50 years of being a CPA and dealing with the Internal Revenue Code at all levels, I can tell you unequivocally that the Internal Revenue Code has gone from “relatively simple” to abominably complex in 110 years. Its inefficiency is rooted in its complexity and not in its lack of manpower, and certainly not guns. The government’s use of the Code to move to the left using the power to tax as hammer on free enterprise is shocking. Taxation at all levels has become a pervasive cloud over a once free society.

Everything we do revolves around government’s twisting your arm to comply with a tax code provision. We muddle from quarter to quarter on filing and paying taxes, all kinds of taxes, albeit business or personal taxes, and then, only to watch the government squander it on one foreign policy blunder after another. Has anyone really contemplated the magnitude of the payload we left in Afghanistan or the money we showered to the Ukraine. If we asked a taxpayer, of course those who actually pay taxes, to fork over a check to the support of the Ukraine war, what might that number be and how can all those new IRS agents with guns get that money out of us taxpayers?

The problem is not the inefficiency of the system, which will only get worse when you give them more money, it is the tax system itself. It must radically change for the country to keep its sanity. The income tax is truly the cornerstone of Socialism, think long and hard about that!  Also, the state and local taxation systems only add to and exacerbate the problem. The federal income tax raises about $4.9 trillion and to add insult to injury, the tax compliance will cost the U.S. economy $409 billion this year. The Washington brain trust only spent $32 trillion more than it raised over the life of the system.

In the total scheme of things, logic has gone awry. With all the brainpower we have, we have bought into a tax system that cannot pay the bills. We have economists that throw accolades on themselves like Hollywood stars, but don’t have the guts to come up with a solution for a better tax system. In searching the annals of time that we find real solutions to the tax system problems that have been laid in front of historic politicians. We can seriously fix the problems that beset us. Collectively, the following can be explored:

• We need a tax system that is not based on income, but rather on cash flow. The Withdrawals tax or any cash flow tax that is not income based;
• The Social Security System has to be replaced with a market-based system; and
• The national debt needs to be made convertible in part into a derivative based capital stock equity fund. This will lessen the cost of the debt and produce a capital growth base.

Sure, it takes guts! But, when you are about to drive over a cliff, you can either stop the car or become Thelma and Louise!