EBUCK
Would you be so bold as to consider this plan as "taxation without representation"?
Yah got Congress Critters don'chya? What more could yah ask for? </sarcasm>
In short if you will notice this is the ultimate Value Added Tax, international in scope.
"A small ad valorem charge would be levied on every transaction"
A single rate Flat Tax, with no individual returns to file. So what's a little 1% tax?:
"For a tax rate of 1%, this produces the following annualised rates:
monthly (12) 27% weekly (30) 181% daily (220) 7,980% "
Keep smiling, and bend over.