Universal Basic Income

[Tarzanrock]

65. Every day +/- 8.5 Billion shares change hands in the U.S. markets.

This was the market volume for the US markets on July 8: 8,588,623,077. Put a tax of one dollar on each share which changes hands -- you are mostly taxing Hedge Funds and the super-rich who move those monies around the markets every day. That's $8.5 Billion dollars a day -- and more if you tax the commodities markets. That's 40 to 50 Billion dollars in revenue each week. Multiply that 50 Billion number by 52 weeks and we have $2,600 Billion dollars in revenue coming in each year. In 5 years that $2,600 Billion dollars is $13,000 Billion dollars. In 5 more years that sum is $26,000 Billion dollars. Of course, if that initial monies are properly invested ab initio in some interest bearing trust -- those monies will double in less than 5 or 6 years so we could be looking at $40,000 Billions of dollars or $50,000 Billions of dollars in a 10 year span of time which is more than enough monies to fund both Social Security and Univeral Basic Income for Americans. What kind of a filthy rich, unpatriotic, selfish, greedy ratfuck is there who is going to whine and bitch about paying a dollar extra tax on the purchase of a $500.00 share of Microsoft stock?