What happens to all the CPA's though. Accounting firms are big corporate entities, that provide alot of people with good jobs, and I'm not so sure it's a good idea to completely up-end that without having a sort of back up plan.
Tax Reform is something that has to be done rapidly, for the precise reason of avoiding a shock to the system.
'Good jobs' or not, those are jobs that produce NOTHING of value. Nada. Not even tax revenue to the government.
A complete inefficiency... a burden with no positive usefulness.
Besides, in an economy unfettered by the IRS, supercompetitive in the world market, business would boom...there would be no shortage of work for good accountants.