What would you suggest are top 5 pro and con reasons?
And taxes, can't avoid them, but do need to make sure they are fair. I'd love to see a simple flat tax, even replace it with a VAT, getting rid of millions of tax folks.
I am not going to write an essay for you. There is plenty written on the topic. I will just write the following. Capitalism requires markets with supply and demand. Fiat currencies have no underlying commodity that affects supply and demand. The USD’s value is pegged to the goodwill of the US government and its ability to meet debt obligations. We can simply print more money to do so. That increases the money supply, but it is quite different than limiting the supply of money based the value of an underlying asset. Pick a commodity, any commodity, and the government would have to have that commodity on hand. The commodity would have it’s own markets - spot, futures and options. At any given time the spot market determines the value of the USD. That’s tangible, unlike goodwill, which is intagible. It has value because some damn politician says it has value. Further more Big Banks constantly manipulate to price of the dollar. They can do so because the USD is not tied to a real asset. I do not want politicians and corrupt Big Banks determining the value of the dollar. Let free market capitalism determine the price of the dollar where millions of people trade the underlying commodity.