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If we're talking big structural reforms: eliminate most if not all tax deductions, credits, exemptions, allowances, etc, for individuals & businesses, then lower rates to compensate. Broader Base Lower Rate. This would also make enforcement & filing easier (& of course do pre-filled forms).

E.g., i might be ok w/ corporate income tax rate cuts of 35% -> 21% (about Sweden's rate) if we get rid of all loopholes & deductions. I believe the biggest individual exemption to repeal is for employer-paid health insurance premiums. Tax that as income. Lower rates to compensate if you must.

Since we're talking new taxes: VAT! To assuage "invisible tax" concerns, just do what Canada does: add the tax at checkout.

Oh can we? Can we tax them? Or will they use their position as the masters of production to buy politicians and avoid that. Because if we *could*, the next logical question is why we *haven't*

Yeah, they did do that, & they will again. Every time we've done big tax reform (1954, 1986, maybe more), interest groups successfully restored their preferred deductions, exemptions, loopholes, etc. That doesn't mean we shouldn't keep reforming, but we do need a plan to protect reforms.

It kind of sounds like you're just feeding generations to rich people instead of seizing industry for the people and ending rule by the wealthy altogether