"First step in an effort to bring real fiscal responsibility to Washington"

[hazek]

A benevolent dictator ..

Is a contradiction: http://www.youtube.com/watch?v=BNIgztvyU2U

Like I mentioned in the part you cut off:

if such a human could exist.

It's not the human it's such a system that inherently can't exist.

[Rothgar]

Just curious where you're getting your maths from.  100% tax = ~$16T annually.  Debt = ~$16T.  Debt would be repaid in just over a year.

100% tax = everybody dies.

[foggyb]

Step two, free cash for everyone.

[firefop]

Mining is my incentive to not care what happens with fiat.

Yes hyperinflation and the depression that follows would suck on the micro economics perspective. But since I'm mining for a living - it would be a good thing for my personal economic outlook. I can always sell bitcoins into some other (more valuable) fiat then convert it to local fiat by more traditional means coupled with a reduction in prices for good locally... I could a real world fortune off it...

Unless of course the US economy crashing effects the global economy to the point to cause a global depression... but I think that's unlikely what with china owning most of our debt right now.