We need to start negotiating from a position of strength not weakness

Dear Mr. Vice President:   Thank you for your thoughtful, independent and robust defense of the American middle class.  The following is respectfully submitted for your consideration.

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The Wall Street Trading and Speculators Tax Act proposes a minuscule tax of .03% on financial transactions.That amounts to a tax of 3 cents on a $100 (.0003 x $100). The proposed tax is estimated to raise $350 billion over the next nine years. That amounts to about 39 billion dollars in tax revenue per year. 

We need to start negotiating from a position of strength not weakness. After the 2012 elections the radical right wing Republican Congress may no longer exist.

Democrats should instead be proposing a 1% transaction tax that will raise 11.7 trillion dollars over 9 years or 1.3 trillion per year. That amounts to 33.3 times higher than the proposed minuscule .03% transaction tax. (.0003 x 33.333 = 1%).

A weak minuscule transaction tax system should not be instituted because it will perpetuate the greed and moral corruption of market speculators and manipulators.

A minuscule tax will definitely serve to perpetuate a system of market manipulation that will bring about financial crisis after financial crisis and eventually destroy the middle class completely.

Attempting to use the minuscule transaction tax as a revenue source does not consider the financial harm done to the middle class by wanton  market speculation. 

We've seen it happen!  We get it!  We've been there!  The 99% are demonstrating in the streets throughout the United States.

Wanton financial market speculation by enormous hedge funds manipulate the markets to extract wealth from the middle class for the benefit of the 1%. 

A 1% transaction tax is a win, win proposition.

Perhaps a 1% transaction tax won't stop financial market manipulation. Maybe a 1% transaction tax won't even slow down the market manipulators.

If it doesn't then a 1% transaction tax will raise 11.7 trillion dollars over 9 years or 1.3 trillion per year. That amounts to 33.3 times higher than the proposed minuscule .03% transaction tax. (.0003 x 33.333 = 1%).

Perpetuating the present system of financial market speculation can only give us more of what we got? 

The proposed miniscule transfer tax, although seemingly well intentioned, seems to walk, look and quack like a right wing nut's dream.