Dear President Obama

Over50Lib

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Thursday November 11, 2010 · 1:45 PM PST

2010/11/11 · 13:45

I not sure what we paid the members of the Deficit Commission, but I offer my recommendations absolutely free.

I cannot take full credit for the first idea expressed here. I believe Ralph Nader and others have proposed similar if not identical proposals. The essence of the proposal is a fee (call it a tax if you must) on every single transaction made in the stock market. Those that trade stocks and and other securities cannot complain about this since they already pay brokers fees to conduct these transactions already. I'm simply recommending a small fee or 0.5 - 1.0% be charged on every transaction. Pretty simple, sell $10,000 worth of securities pay a $50 - $100 fee. Charge the fee either on the buy side or sell side or both.

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