SPAC king Chamath Palihapitiya suggested a major overhaul of the U.S. tax system. He proposed replacing the extensive U.S. Federal Tax Code, which spans 7,000 pages, with a straightforward flat tax.<br /><br />What Happened: Palihapitiya emphasized that this could be condensed into a few pages of simple English, which would make it easier to both pay taxes as well as enforce rules.
