As a once member of the Libertarian party and now an Independent, I have some strong views on taxation and I do believe that most common forms of taxation (income, property) are theft. I also believe that money well spent can reap a return on investment for generations.

The total "transactional value" of the U.S. economy remains in the $1.5 to $2 quadrillion range.

The stock market performs 65 - 70 Trillion dollars in trades for 2025.

The total value of residential real estate transactions are valued at 1.7 Trillion for 2025.

It is estimated that B2B sales for 2025 are 10.1 Trillion dollars.

The U.S. government spent 7.1 Trillion dollars in 2025 with a deficit of 1.8 Trillion dollars.

The United States is broke and for no reason other than greed. Most pundits and politicians would suggest that the way we solve our Federal budgetary issues would be to decrease spending. This idea is bunk.

While it is always a good idea to review spending and to reduce it where it is no longer needed (we certainly don’t need a fund for telegraph maintenance), society has shown that as a general rule, spending doesn’t go down, it goes up. The goal, is that the extra expense has a return on investment that makes it worth it. Currently it does not. Our infrastructure, education and health systems are in shambles (more on that another time) and our safety nets are at risk.

I am a huge fan of a transaction tax of 10%. A transaction tax is essentially a two-way sales tax. If you buy a Toyota for 20k, the buyer and seller each pay 10%. This results in a 4k payment to the Federal government. The key to this tax is two fold:

It guarantees that people pay taxes in relation to their buying power. If you can afford the Toyota, it is 4k in taxes. If you can afford the 50 million dollar yacht, it is 10 million in taxes. 1.

It would eliminate all other Federal taxes and fees. Every single one.

We only want to tax actual revenue making transactions. With that in mind, we will only tax the following markets:

Public Stock Markets (Equities) $65 – $70 Trillion

B2B E-Commerce $10.1 Trillion

Residential Real Estate Sales $1.7 Trillion

B2C E-Commerce $1.5 Trillion

This would generate approximately 10.2 Trillion a year in revenue from direct sources. Based on 2025 numbers we need 8.9 Trillion to break even. We would split the difference of the 1.3 Trillion surplus. Half goes to pay our national debt and half would go to increasing and stabilizing domestic infrastructure and services.

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