The interesting question is what you would do differently on the second attempt. Something, necessarily, or you would end up with the same result. What safeguards do you imagine installing that wouldn't be ignored or overridden _this_ time?
The first step would be getting rid of the simple majority as the most basic
premise and therefore most powerful function in government. If all new taxes
required a super-supermajority -- let's say 7/8 -- then government wouldn't
have grown at even one tenth the rate it has. I frankly don't need
perfection. I'd be satisfied if I came up with a solution that kept big
government at bay for a couple hundred years. That seems fair, given that the
last guys' solution lasted nearly four score and seven years. Let some future
generation figure out the thousand year solution. My point is that nature
abhors a vacuum, and as Christianity disrupted the vacuum of Icelandic
anarchy, something else will fill the void if there isn't _some_
constitutional structure to stop it. As long as that constitution is stable
enough to protect individual rights for a few generations, I'd call it a win.