[RFEngineer]

“Good point. But to do that, we would have to regress to a barter system. Not practical in today’s times.”

I’m not so sure the IRS will care if certain people they select are forced to barter. I’m sure there will be banking alternatives for some of those people. I think to your point though, once people stop paying - and become scofflaws in the eyes of the government over taxes, it’s awfully hard to imagine them coming back into the fold.

[justa-hairyape]

The IRS looks at barter transactions the same way they do cash transactions.

[abb]

I think to your point though, once people stop paying - and become scofflaws in the eyes of the government over taxes, it’s awfully hard to imagine them coming back into the fold.

My thinking, and it is IMO, is that if the Fed Gov doesn't meet its DEBT obligation - US Treasuries - then they, too are scofflaws.

It could be an inflection point.