Rand Paul is a classic example of an emperor that has no clothes. The clothes that Paul is lacking are American values of our founders.
In Federalist Paper 12, Alexander Hamilton wrote how government should be funded He wrote:
“The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates. Commerce, contributing to both these objects, must of necessity render the payment of taxes easier, and facilitate the requisite supplies to the treasury.
“The wants of the government can never obtain an adequate supply, unless all the sources of revenue are open to its demands….”
That would include a proportional rate tax on the movement of all stock transactions. Hence, the $700-trillion-a-year OTC derivatives market; the $4-trillion-a-day Foreign Exchange derivatives market; the $1-trillion-a-day USB trades; $1.5-trillion-a-year drug cartel bank laundered money.
A 1% proportional rate would net the treasury about $70-trillion-a-year. Why isn’t Paul proposing such a transaction fee on these?
Paul says he putting up a fight against the Affordable Care Act, AKA, Good Samaritan Care. The AFC is a part of the general welfare provided by the Constitution (Art I Sec 8 Clause 1). The Constitution requires it to be funded.
If Paul’s a physician, his diagnosis of problems is sorely lacking. He should be avoided like the plague.