Simply put, individual savings would rise in concert with the abolishment of jobless benefits.
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His comment on sex trafficking, the abolishment of which he supports actively, was also knowledgeable.
Which is something of a pity really: for the abolishment of slavery is a noble goal.
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Complications were caused by changes made to the health service, including the abolishment of primary care trusts.
This is important because it was exposure to loans and mortgages that got traditional banks into trouble, and their exposure to them long predated the partial abolishment of Glass-Steagall.
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All of which brings us to a national consumption tax that would lead to the abolishment of income taxes, along with taxes on estates, capital gains, and presumably everything else.
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Burr, who refers to himself as a conservative, has supported the balanced budget amendment, spending limits, tax cuts and the abolishment of federal income taxes except in times of war.
While some economists on the alleged fringe seek the Fed's abolishment, there's a general acceptance among the profession that the Fed plays a necessary economic role in setting the short rate for cash, or the Fed funds rate.
Even better, thanks to the abolishment of the benefits, companies on the way up would no longer be forced to bid for labor made artificially expensive by benefits paid for at least in part through taxes foisted on job-creating businesses.
FORBES: With Unemployment Benefits, It's the Invisible That Truly Matters
On March 8, the government announced the abolishment of the shadowy Coordinating Agency for the Maintenance of National Stability, as well as the official end to the practice of checking public officials and civil servants' backgrounds (in the past used to identify links to the Indonesian Communist Party).
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