Equitable Taxation for a Better Future
Universal Exchange Tax is a proposed method of equitable taxation achieved by excising a small amount, likely between .01% and .10%, from the Total Economic Activity within an economic arena. TEA for the US is estimated to be in excess of five quadrillion dollars annually.
The UET system offers a fundamentally different approach to collecting revenue—one that's transparent, equitable, and designed for the modern economy.
Virtually every transaction of value in an economic arena is facilitated by a clearing firm that ensures the valid completion of the exchange. Recent annual reports by only four of the larger clearinghouses, The Clearing House ($520 trillion), DTCC ($446 trillion), Federal Reserve Financial Services ($1.3 quadrillion), and Fedwire (1.1 quadrillion) cleared exchanges totaling over $3.366 quadrillion.
Research shows that there is a plethora of clearinghouses facilitating an untold number of trades of value, financial and otherwise. From stocks and bonds to crypto and copper to pork bellies and petroleum, quadrillions more in transactions are being documented and cleared by facilitators, raising the question, how large is an arena’s total economic activity? Five quadrillion? Ten?
Explore how the Universal Exchange Tax works with this powerful calculation tool. Model different scenarios instantly.
A straightforward tax system that creates equity by taxing financial exchanges, not income or labor.
UET benefits all citizens equally, creating a more equitable distribution of tax burden across society.
By shifting the tax burden away from labor and production, UET encourages economic growth and innovation.
Use the interactive calculator to see how UET could transform government revenue while creating a fairer system for everyone.
In today's world, virtually all transactions of value are handled by clearing firms and clearinghouses which ensure the validity of financial activities. There are an untold number of such economic entities facilitating purchases, trades, exchanges, etc, of all things within an economic arena. Everything from loans, payments, derivatives, groceries, futures, crypto currency, endowments, and commodities, the list is almost endless. Some clearinghouses are large, others not so much, but the totality of all of their activities is enormous. As indicated below only four such entities which publish their volumes handle over three quadrillion (3,000,000,000,000,000) dollars annually by themselves. Most clearinghouses publish only numbers of exchanges and/or clients, leaving the actual vast amount of money sloshing back and forth in the economy up to conjecture. Is it 5 quadrillion? Is it more?
Universal exchange tax is a proposed general revenue excise tax. UET is is not discriminatory or difficult, it simply removes 0.01%, or a multiple thereof, from nearly every transaction of value within an economic arena, with 0.01% equal to one cent per hundred dollars
The viability of UET is based upon the total economic activity of an economic arena which is an extremely large amount of monetary value measured in quadrillions of dollars because it includes every documented exchange of value from buying goods to multi billion dollar corporate mergers. A reasonable but low estimate of TEA for the us is five quadrillion dollars yielding $500 billion in revenue with a UET multiplier of one but yeilds $2.5 trillion with a multiplier of five.
