SAVING OUR SUPER CITIES*

SUPER STOCK SALES TAX (SSST) FOR SUPER CITIES that are home to stock, bond or commodity markets.

SSST will be a sales tax**, collected by the exchange, of .001% of every dollar of any transaction completed in under THREE SECONDS.

TWO THINGS WILL HAPPEN:

Suddenly cities will have plenty of money to fix social problems caused by the super rich.

There will be a dampening of the kind of trading that is just sophisticated gambling.

Right now, up to 75% of all capital may currently be invested in derivatives rather than invested in businesses, farms, etc. It is very difficult to have capitalism if you do not have capital. This tax will slowly free up needed capital for our water projects.

CITIES CAN TAX STUFF VERY QUICKLY

In most U.S. cities, a new sales tax city ordinance can be passed in about three months.

NEW YORK CITY -- YOU COULD HAVE MONEY FLOWING IN BY JANUARY! (And Trump will HATE it!)

I am fairly certain that the exchanges will not oppose this tax. They see the same possible future that I see.


* Since the dawn of civilization, the city-state has been where civilization moved forward. New laws, new art, new social fabric, all came from the cities. It is unfair that advances in farming always led to advances in the cities. Feeding people is the most critical part of a civilization.

** In the City of London, it will probably be called a VAT or value added tax.