However, the most beneficial effect of jumping from the fiscal cliff will be that in the aftermath there will be great incentives for both parties to agree to a fundamental restructuring of taxes and spending that both simplify the system and make it viable for the long term. There will no longer be a need to raise taxes to cut the deficit. We can greatly simplify the tax code and reform entitlements without having to increase government revenues, since the fiscal cliff will have already taken care of the revenue increase