Hi Fabsroman...
If our economy was really burning up and Everyone paid that 1% tax, maybe. If everyone paid a flat tax of some amount, that would take care of it too... no loopholes to hide in... but then you have the social engineers saying that whoa... wait a minute... that works against the poor and is regressive... so we carve out the poor somehow... maybe make food, drugs, and the first home tax free... and then in twenty years we'll be right back to volumes thick tax code again....
Aloha.... That is the cynic in ME....
Aloha again...