The third chalenge is a flurry of US macroeconomic economic data, from November housing starts (Wednesday), to Q3 GDP, November existing home sales and leading economic indicators (Thursday), and November personal income and consumption (Friday) macroeconomic data have become increasingly important as they provide the clues on the effectiveness of QE and the next Fed move.

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Of those studies that distinguish between types of taxes, corporate income taxes are found to be most harmful, followed by personal income taxes, consumption taxes and property taxes.

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Some highlights of the Roadmap: Replace Medicare with a voucher-based system, get rid of the corporate income tax and replace it with a consumption tax, offer a simplified income tax system and personal investment accounts as an alternative to the current Social Security system.

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All other, and arguably more important, indicators (Production and Income, Employment, Unemployment and Hours, and Personal Consumption and Spending) registered very negative readings.

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It seems that even large states such as Texas and Washington that do not tax personal income but instead depend upon consumption taxes have learned that they cannot ignore this trend.

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Generate the same amount of revenue with a flat personal income tax of 9%, a corporate flat tax of 9% and a consumption tax of 9%.

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