Tax Bomb

Atrios posts that Bush has launched a trial balloon about abolishing the IRS. He explains various reasons why this is a problem, but what I’d like to see is how they plan to tell all the people who’ve put billions of dollars of retirement money into Roths and IRAs and 401Ks that all those tax incentives are no longer operative. Wall Street, particularly the mutual fund industry, might just have some reservations about this little plan.

I have a little feeling that this zeppelin is going nowhere — just like their last “big” idea, a manned mission to Mars. (Now, if the Democrats were inclined to employ a little of that Rovian bitchiness, I’d say that Mars speech would make quite a fine sound bite in a commercial.)