ZorkArgh

I am here to ask people do a little arithmetic. Go to www.federalreserve.gov and see how many dollars flow thru it each month. Then ask yourself what percentage of that needs to be skimmed to pay the entire Federal budget, instead of using the tax code that favors the 1%. There is no way for the 1% to evade a tax on Federal Reserve transactions, and it would save every middle-class family a bundle. (Check your work: the answer is one-tenth of one percent. If you spend $50,000/year, your total annual tax would be $50, but then, you're not running a hedge fund...those are the ones who will get hit.)

Joined Oct. 4, 2011