questionmark, on 10 November 2012 - 07:43 PM, said:
All you really would need to do is tax 1 cent on every high frequency transaction, that would kill a dozen birds with one stone.
Wow...your math really sucks...no seriously...it does...
...According to IRS statistics, roughly 2 percent of U.S. households have an income of $250,000 and above. By the way, $250,000 per year hardly qualifies one as being rich. It's not even yacht and Learjet money. All told, households earning $250,000 and above account for 25 percent, or $1.97 trillion, of the nearly $8 trillion of total household income. If Congress imposed a 100 percent tax, taking all earnings above $250,000 per year, it would yield the princely sum of $1.4 trillion. That would keep the government running for 141 days, but there's a problem because there are 224 more days left in the year.
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