Limit total tax burden to 20%

A hundred years ago, our total tax burden was closer to 10%. Since then, it has been spiraling out if control since no hard caps exists. Currently, you work over 2/3 of your time for the government. Government should budget with what they receive like any human being or company rather then altering the budget via raising taxes.

Total tax implies any tax: VAT, CGT, income tax, property tax, etcetera.

The 20% is based on your total income: salary, dividends received, equities sold. No crypto tax when used as money or investment.

Why 20%? It's based on the Pareto principle that 20% of efforts leads to 80% of the outcome.

Lower incomes would pay 0% tax.

Most of the the local IRS would be disbanded since complexity greatly reduced. Your income statement would be limited to 1 line: “How much did you earn last year”? No discounts, no breaks, zero complication.

This would free up money, freedom and creativity to the individual leading to a return of prosperity.