Comments by "Frederick Miles" (@frederickmiles8815) on "Yellen Calls for Additional Tax Code Reforms" video.

You could always increase payroll tax to cover current cost of safety net - offset that cost to citizens and businesses by eliminating the first three brackets of the income tax, and reduce corporate taxes to 5%; which would allow you to sell over 2 trillion of US Treasuries overnight to the major players (who have 2 trillion in cash in the reverse repo)... you could also build a separate TGA to intake that payroll tax revenue - tying via API's directly the HHS products and services (evolving safety into a transactional model - increasing movement of liquidity). Remaining federal income tax would go to its own TGA that directly (and only feeds) defense. That would cover ~75% of your budget, largely eliminate unfunded liabilities, and give you 2 trillion cash on hand.
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