Make a New Start: The Only Solution to our Over-complicated and Unfair Tax System

The tax system is over-complicated and unfair. What is the simple solution?  What is the new start that is required?

The Glass-Steagall Act associated with the Great Depression was just 37 pages long.  It did the obvious thing of separating deposit-insured banks from firms taking investment risks.  It worked fine for decades.  The repeal of this Act in the late 1990s was the trigger-cause of the global financial crisis.  It was the step too far by the political-financial elites that was 100% predictable in THEE's schema.

Without it there would still have been a crisis of government debt or some other catastrophic malfeasance intrinsic to vested-interest plutocratic pluralism, but we would not More...