How much longer do you think the U.S. economy will last?

Answer 1

Unless Aliens take over or there is a World War which destroys all unity between nations ... A long while.

The US economy does move in cycles ... economics shows patterns that repeat after a certain number of years. There can be mini cycles in the big cycle ... meaning every thirty years, the economy repeats conditions for inflation ... or expansion ... The long cycle can perpetuate indefinatly ... historicaly, compair the lenght difference between the different ages like the "Bronze Age" or "Gold Age" ... there is definantly an economic cycle occuring, but society and their needs kept the economy until it was disfunctional.

Look at the British (prior Global dominates to the USA) ... they are still strong and that economy is still running ... and Britons economy feeds into the US economy because of Globalization.

So, even if another country takes the lead, the US will be a major economic factor in globalization for a very long time (unless those pesty aliens come to take over --- giggle).

Answer 2

The Problem is the Current Income Tax Code

A. The current tax code is unfair, costly, and unreasonably confusing.

Because the tax code is so complex and easy to evade, many of us pay more in taxes per year than we should! The I.R.S. estimates that over 40% of Americans no longer comply with the current tax code! This makes the rest of us pay over 30% more in taxes.
Over half of American taxpayers seek professional help simply to prepare their returns. And according to Money Magazine, chances are 99% that you will pay someone to file an incorrect return!
Compliance with the tax code is not only very difficult and complicated, but unreasonably expensive as well. It is estimated that it costs taxpayers $225 billion for tax filing, tax record keeping, and tax reduction advice. That's the equivalent of about $850 for every man, woman and child in America! We have taxation without comprehension!
B. The current income tax code unfairly hampers personal financial opportunity.

When citizens are taxed on their earnings and on what they produce, hard work is discouraged.
The current income tax code inhibits economic growth, capital formation, and, most importantly, job creation.
The current income tax code punishes personal savings and investments; and sometimes these are unfairly subjected to double and even triple taxation.
C. The current income tax code tax is grossly unfair to all wage-earning Americans.

Payroll taxes are taken out of our paychecks, and we all have no control or choice over when we pay or how much we pay in taxes. They are deducted from our paychecks before we can save or spend it.
The payroll tax is the most regressive and unfair feature of our current tax system. The current payroll tax applies only to wages, and hurts the most important tool by which anyone who is not born to wealth has to get ahead.
D. The current tax system allows for massive loopholes encouraging politicians and lobbyists to pick winners and losers.

The tax code is filled with loopholes that are manipulated by high-priced lobbyists for their clients, and by other special interests.
The complexity of the current income tax code is an open invitation to those with the means to manipulate the tax code.
There are more lobbyists registered in Washington for taxes than for any other issue.
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The Solution is the FairTax

The FairTax is fair to all Americans and simple to understand. Under the FairTax, all wage earners will keep 100% of their paychecks, prices will drop dramatically, and Social Security and Medicare funding will be more secure.

The FairTax frees up financial opportunity by restoring choice in spending, encouraging savings and investment, and dramatically reducing tax evasion. With the elimination of virtually all compliance costs, $225 billion will be restored to the economy. The FairTax offers an unprecedented opportunity for lower and middle-income wage earners to get ahead, to save to buy a house, to educate themselves and their children, and to save for a dignified retirement. And under the FairTax, all Americans, regardless of their income level, will be better off with the FairTax.

Everyone will be subject to the same consumption tax rate with no exceptions and no exclusions, and those least able to share in the cost of government will carry no federal tax burden at all.
The FairTax increases individual purchasing power, making it easier to get ahead financially by eliminating:
the individual income tax, including capital gains taxes
the payroll income tax
the inheritance tax and the gift tax
the self-employment tax
the corporate income tax
The solution we propose involves two actions:

Passage of legislation that institutes a single-rate, FairTax on all final sales of new goods and services. This tax would become the chief source of revenue for the United States government, replacing all federal income and payroll taxes, yet generating the same revenue. The legislation provides for a tax rebate equal to the consumption tax paid on essential goods and services. The rebate ensures that no American will pay tax on the purchase of necessities.
A constitutional amendment that would repeal the 16th Amendment and make a federal income tax unconstitutional.

Answer 3

Quite a while, probably. If you are asking when it will go into reverse, my guess is in a year or 18 months time.

Answer 4

not much. it will only last for as long as we want it to. i believe people will change their minds. then, within an hour or even less, global financial system will collapse. people will not believe it actually is going to be be happening, but it will. within less than an hour.