A Financial Toll Tax: Transform, Not Reform, The U.S. Tax System

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‘I recently awoke from a rather pleasant dream in which members of Congress and the President embraced the unique proposition that they had been elected to serve the People of the United States. Congress had determined that healthcare was a matter of right (by simply reducing the age at which a person qualified for Medicare to birth) and that every child should have free access to a college education.

Having thus dedicated the fortunes of the Nation to the future of its children, the members of Congress—conservatives, liberals, and independents alike—collaborated on how to best pay for these commitments and to reform the income tax system. In their wisdom, they decided to transform the taxation system into a tiny financial toll tax on the movement of all money in the economy, effectively transferring the tax burden from workers and small business owners to the wealthy, large corporations, and financial institutions.’

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