Gary Johnson's tax plan is to eliminate all income tax, and replace it with a 28% consumption tax on everything. Well, first off, that's a regressive tax. The working poor, who would be getting a refund on their income tax, would now be spending an extra 20% in many cases on everything they buy, meaning they get absolutely fucking nailed, while the top marginal tax rate of 39% is effectively dropped to 28% for the wealthy. So that's a problem right there. Then his solution to that is to send a stipend to the poor, which would be the single largest entitlement program in the history of the government. So, in effect, his plan would benefit the wealthy and crush the poor AND increase government entitlement programs, while slashing the revenue.
GREAT FUCKING PLAN, GARY.
While we're at it, let's discuss the national debt. You know what was a major contributor to that? Using quantitative easing to bail out the banks in the wake of the market crash of 2008, caused by deregulating the banks. The government had to buy up their debt and convert them to mortgage-backed securities and treasury bonds, worth literally trillions of dollars, in order to keep the market stable. Because when you leave corporations to their own devices, they shit the bed.
Let the banks fail? Sure, if you want everyone across the world who had invested in them to lose major amounts of money. The global market already took a hit, that would have collapsed investment houses across the world. But hey, as long as you've got a basement with guns and canned food in it, let the world economy collapse, right?