If We Don't Talk About it It'll Go Away

I read up on this guy and even watching a few of the debate videos, but one question, one BIG question that I haven't found the answer for is this: Suppose he repeals the 16th Amendment and Abolishes the IRS, how will taxes be conducted/collected/organized? How will the US refinance in the wake of the abolution, and how will the markets recapitalize with no secondary market of capital (Income Taxes, AKAIK, allow money to be poured back into wallstreet when stocks are down, and act as ONE of MANY forces to force that economic balance of Bear and Bull markets) to act as a safeguard for when the economy takes an especially hard turned nose dive (in rare circumstances)?

I'm finding myself breathing a breath of fresh air at what this guy proposes, but my cynical side still is saying to me that a lot of what he proposes just will not come through as planned, or will be locked up in congress for so long that it will be ineffective if any one of his proposed policy changes makes it to pen and ink.

I really want to know what he plans to do if he gets the 16th amendment abolished. What will be used both as a replacement and a temporary placemarker?

And on the Iraq War, well fuck I don't even know what to do about that.

My grandmother seemed to think he was a good candidate though, after I gave a brief summary of the guy.

Jam it back in, in the dark.