A much simpler tax system would be to tax everyone like hedge fund fees. You pay 2% tax on all assets and 20% on profits those assets generate. Regardless of asset type (if it is worth money and can be traded, it gets taxed). Ditch everything else (especially regressive taxes like VATs) and keep a progressive income tax. This &#x27;everyone&#x27; is individuals because someone, somewhere owns the assets.<p>Note that those are the pre-2008 hedge fund fees and the fees are presently less than that.