Tag-aware recommendation is a task of predicting a personalized list of items for a user by their tagging behaviors. It is crucial for many applications with tagging capabilities like last.fm or movielens. Recently, many efforts have been devoted to improving Tag-aware recommendation systems (TRS) with Graph Convolutional Networks (GCN), which has become new state-of-the-art for the general recommendation. However, some solutions are directly inherited from GCN without justifications, which is difficult to alleviate the sparsity, ambiguity, and redundancy issues introduced by tags, thus adding to difficulties of training and degrading recommendation performance. In this work, we aim to simplify the design of GCN to make it more concise for TRS. We propose a novel tag-aware recommendation model named Light Folksonomy Graph Collaborative Filtering (LFGCF), which only includes the essential GCN components. Specifically, LFGCF first constructs Folksonomy Graphs from the records of user assigning tags and item getting tagged. Then we leverage the simple design of aggregation to learn the high-order representations on Folksonomy Graphs and use the weighted sum of the embeddings learned at several layers for information updating. We share tags embeddings to bridge the information gap between users and items. Besides, a regularization function named TransRT is proposed to better depict user preferences and item features. Extensive hyperparameters experiments and ablation studies on three real-world datasets show that LFGCF uses fewer parameters and significantly outperforms most baselines for the tag-aware top-N recommendations.