Bush poised to wage an economic revolution — Here is a fascinating article with numerous implications.

Some proposals under consideration call for a flat tax (everyone pays the same tax rate), with fewer exclusions. Another calls for the elimination of the personal income tax, replacing it with a consumption or national sales tax.

While savings and investment income would become tax free, people who work and receive paychecks could be taxed more heavily to make up for lost tax revenues.

“Now comes the revolution,” conservative consultant Richard Viguerie was quoted by the New York Times last week as he watched the final early-morning results of the election. “If you don’t implement a conservative agenda now, when do you?”