If Ron Paul were elected President and abolished the Income Tax, what would happen?

This is a difficult subject. The income tax payment is the measure that the Fed uses to determine how much money it can loan Government. No more income tax may mean no more loans to Government, which may mean that the Federal Reserve Bank will need to get all of its funds from the loan repayments of the people.

But if there are no more income taxes, the people will have more money for free enterprise, which means they will need to borrow less. This whole thing might mean the demise of the Fed without formally shutting it down!

So where would the Government get its funds? From import/export and interstate commerce as the Constitution requires? From Governmental investments?

More than likely what will happen if Ron Paul goes through with his plan, he will wind up like JFK, who planned similar things.