Can someone explain this failed amendment to me?

Proposing an amendment to the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

Public Comments

1. Overview Summary Other Info Congressional Research Service Summary The following summary is provided by the Congressional Research Service, which is a nonpartisan government entity that serves Congress and is run by the Library of Congress. The summary is taken from the official website THOMAS. 2/7/2007--Introduced. Constitutional Amendment - Prohibits the U.S. government from engaging in any business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution. Prohibits the constitution or laws of any state, or the laws of the United States, from being subject to the terms of any foreign or domestic agreement which would abrogate this amendment. Requires any activities of the U.S. government which violate the intent and purposes of this amendment to be liquidated and the properties and facilities affected to be sold within three years from the date of ratification of this amendment. Repeals the Sixteenth Amendment to the Constitution three years after ratification of this amendment and thereafter prohibits Congress from levying taxes on personal incomes, estates, and gifts. THOMAS Home | Contact | Accessibility | Legal | FirstGov
2. ummm well i dont understand it but can ihave 10 points if i can be your friend
3. Could you be more specific as to which Amendment you're referring to?