My public education says that 31 billion is 10% of 311 billion.
And we have a $3.8 trillion annual budget. So if Wall Street paid a $10 tax on every share traded, we would still have an annual budget deficit.
But I think that if you did impose a $10 tax on every share traded, you would soon find out that far, far fewer than 311 billion shares get traded as a result.
Not a 1 cent tax on each share, but a .01% tax on the value of the share. The average price per share if it was $100 would be $1.00. Do that for every commodity and every trade. It does add up to trillions each year. $1.00 to gamble is not intrusive on a hundred dollar share, and it is affordable.