[Terabitten]

Thoughts? Opinions? It looks like a good idea to me, but what do I know, I'm a dumb grunt.

[arthurus]

That itty bitty tax would get progressively larger each time Congress meets. The point of dinminishing returns would be the onset.

[tuliptree76]

Every bank, brokerage, or other financial account established by a person, corporation or other taxable organization will pay 0.3% on ALL funds moving IN OR OUT of that account.

Does this plan include every single transaction - even those involving a person transfering their own funds from one account to another? The way I read this article, it sounds like it is.

For example - if a person transfers money from their savings account to a checking account in the same bank in order to write a check. If so, that would mean that the person's funds would be taxed once when the funds were deposited into the savings account, once when they were removed from the savings account, once when they were deposited into the checking account, and then once when the check is cashed.

This doesn't seem quite right to me...but that's just my 2 cents.