Short Term Capital Gains Tariff

The financial market does about $5.5 Trillion in volume per day, and there are about 250 trading days per year. This equates to over $1.3 Quadrillion per year. Here is a way to eliminate the national debt of the United States in a single year. Levy a 10% tariff on all short term capital gains for the first year, which will generate over $130 trillion and will easily eliminate the United States national debt. All brokers and institutions will make an automatic deduction to the short term capital gains at the end of business day and then that money will be transferred to whichever revenue branch will receive it.

After the first year, the tariff will then be as follows. 1% of the tariff will be set aside for the United States budget and the other 9% will be used as financial assistance for allied nations.

This can result in the elimination of all federal taxes against corporations, families and individuals.