Add a penny fee to each stock traded

Resting at the desks of each elected member of the federal fovernment are strong solutions to aid and protect the future and common good of the people.

To continue to favor the drug companies financially “too big to fail” and a host of others simply for their money, in order to get elected again is moral bankruptcy on their part.  Yet there are a few simple solutions.

Stop all grants to Israel.  From 1949 to 1996 the U.S. tax dollar aid to Israel amounts to $14.9 billion.  Since 1985 Israel has been given $3 billion each year.

All of theses funds have been delivered in the first 30 days of each fiscal year while other nations are paid in installments.

Any aid, I feel, should not be money from poor people in rich countries to the wealthy people in poor countries.

If people can afford to play the stock markets then what could be wrong with a one penny federal fee on each single stock that is traded every day?  This “market fee” would help in fantastic ways with our present deficits of health care, education and unemployment.  Each day the New York Stock Exchange has averaged about 2.8 billion shares and the N.S.D.A.Q. has about 1.5 billion shares each day.  At 1 cent per share about $43,800,000 could be collected each and every week or $11 billion each year from just these two markets.

If corporations relocate their operations “off shore” thus crating tremendous unemployment within our own shores, why not exact a sizable penalty fee on these corporations to cover the unemployment’s costs that we now pay out of our own limited working fund?

Presently there is a wave of “tax breaks” for those who earn $250,000 or less.  Does anyone who earns $250,000 truly need a tax break, or even those who collect $100,000 per year need a tax break?

I would think that the greatest needs for tax help would be to those who earn less than $65,000 and very likely those who earn less than $40,000 per year would have no tax due to the government.

JOHN LINDBERG

Naples