I don't know about anyone else but I am getting punch drunk. Two Laffer curve threads that try to include or exclude other taxes. The attacks for and against CA when the two poster children for irresponsible state government are IL and MI? Multiple threads about irresponsible and nearly psychotic money creation by the Fed? So here is what I want to know: Federal Revenues should be what % of GDP? My answer 18%. What should be done when IL goes into default? My answer is that that is an IL problem. What tax and regulatory regimen is needed to get out of this economic mess? My answer is an 18% VAT tax on everything but food and 18% on per capita household income with no other involuntary taxes. Then add every voluntary tax congress can dream up. What should be done with the Fed? get rid of it. What are your answers?