Arriving at a "simple" solution is a complex process. Yet there is no other pathway to a comprehensive solution. If we attempt to address complex problems with equally complex solutions, we get friction and crony capitalism as cartels navigate the complexity to their own advantage and small enterprises and the citizenry are reduced to serfs toiling outside the complexity-moat. ( Complexity and Collapse July 26, 2011)
In terms of our response to financial crisis, compare our financial-sector fix of 1933, the Glass-Steagall Act (37 pages of legislation) and the current Dodd-Frank Wall Street Reform and Consumer Protection Act (2,319 pages of legislation). Does anyone seriously think these 2,300 pages of legislation and the thousands of pages of regulations the bill spawns will 'fix" what's actually wrong with America's financial sector?
Stripped to its bones, Dodd-Frank is a massive power grab by the Federal Reserve (via the Orwellian "consumer protection" part) and a vast complexity-moat that protects the very industry it supposedly tames. "Simple" doesn't infer simple-minded, but the opposite: the ability to cut through distracting jargon and ideological rigidities to the heart of the problem, and devise a response that any reasonably informed citizen/taxpayer can grasp at a glance.
If the "reform" further complicates and obfuscates the problem, it is not a solution but another layer of problem burdening the nation.
We all know the current tax code is a complexity moat benefiting the super-wealthy financiers and the tax and accounting industries that live off the 5,296 pages of mind-boggling complexity. The total package of tax regulations and explanations weighs in around 70,000 pages, and attempting to comply with all this feeds one of the nation's largest