I completely agree that our leaders would exploit loopholes. My point was meant mainly to describe the scenario if the Federal government were effectively cons

I completely agree that our leaders would exploit loopholes. My point was meant mainly to describe the scenario if the Federal government were effectively constrained. Would the public have supported a tax increase in 2004 when the cost of the Iraq war began to drastically exceed estimates? Likely not, we'd have brought everyone back home and saved Trillions and prevented a significant amount of loss of life.