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Please do not put me on a soapbox on this one as I wouldn't get any sleep. I will cover one point though.

>>Can you recommend what CAN be done to improve it economically/politically/fiscally? <<

Do not separate tax into CGT, Income Tax etal. Have one tax across the board that covers *all* income. This then would allow you to offset capital losses against income so it gives individuals the chance to get back on their feet again after a *bad* investment decision. The quicker they are standing and earning the quicker they re-invest, whether it be housing industry or commerce.

Yes they can make the same mistake again, yet the learning curve from the deep end is *very* steep.
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