1) DRASTICALLY simplify the income tax and reduce its maximum rate to 17%--essentially what Steve Forbes proposed in a book written in 2005. Our current system costs US$304 BILLION per year in compliance costs and drove jobs, factories, corporate headquarters and possibly as high as US$16 TRILLION in American-owned liquid assets out of the USA for income tax avoidance reasons--sheer economic insanity.
2) Should have just re-imposed the 1933 Glass-Steagall Act to "firewall" bank assets from the ups and downs of the stock market. Thanks to Glass-Steagall, the US economy rode out the 1987 stock market crash and 1997-1999 Asian financial crisis rather easily because bank assets became the "economic back stop" to prevent a potential major erosion of the US economy.
3) Start auditing EVERY Federal, state and local government agency for bureaucratic overlap and agency bloat, and use the results to cut down the size of government at minimum 25-30%. This will free up private funds for other uses (and allow the government to lower tax rates even further since you don't need so much taxes to keep government functioning).
4) Actually use the Sherman and Clayton Antitrust Acts or replace both of them with a new one designed for today's economy in order to prevent a too big to fail situation like what happened in 2008 or too much concentration of power into only a few small firms (e.g., do you really want Walmart to wield this much merchandising influence or Apple's recent arrogance?).
5) Start to look at the possibility of a ten-year plan to phase out the Federal Reserve note fiat currency with a new US dollar backed by gold, silver, platinum, palladium, copper and nickel--the most common metals used for bullion blocks and coins used in monetary exchange historically. Fiat currencies--because of their dependence of "faith in government,"--tend to lose value over time, as evidenced by the declining value of the US dollar since 1971 and the terrifying bouts of hyperinflation in Germany in the early 1920's and the high inflation that plagued South America for much of the latter half of the 20th Century.
Great proposals...unfortunately they would require work...and Timmy’s trust fund pays out the same ... he gets up at 8:00am...plays tennis for an our, wanders over to the office then heads for the White House Cabinet meeting at 11:30, then lunch at the club until 2:30...and oh its time for golf.
None of the Rinocratic Oligarchy NEED any of these reforms.They’re comfortable...why would they do anything to upset the status quo?!!