Taxes are funding such a small part of the government already today that they won’t care if half of the income tax revenue disappears. The fed will just print more money. So what if the annual deficit goes to $3 trillion from today’s $2 trillion? We are already on a trajectory toward a Weimar fiscal calamity. Does it matter to them if it arrives in 5 years instead of 6 if they succeed in disarming America?
Ludwig von Mises:
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.