We could THEN ELIMINATE TAXES ON THE LIVING too!
The social contract would be renewed and we would see real stability, and a far greater incentive to save. Both young people and adults would get the opportunity to go to schools that were not disintegrating, online education would also become widely available, and grant degrees, and the US would be able to train the scientists and engineers of tomorrow.
Why? Why now? Because DEMOCRACY, and indeed HUMANITY IS DOOMED WITHOUT IT.
Each time I think of the millions of Americans who are growing up without access to education, I worry. Americans are increasingly scientifically illiterate. Few have any idea how wealth is created. Americans instead, are focused on easy money, a bad long term strategy. Technology creates many good jobs, but new ways of doing things are rapidly replacing far more people in low and medium skilled jobs. Productivity rises but employment doesn't, increasingly. That leads to extreme concentration of wealth.