[andrepd]

A surprising number of things wrong with the world today started in the Reagan/Thatcher/etc era.

I agree with the general sentiment of your post (though I disagree that capital and labour should be taxed the same way). I'll also add the following: implement an LVT. It is the most economically “efficient” tax there is, and morally perfect at the same time. Then with the money you collect through LVT you can lower income tax.