create a financial transaction tax of 1% (Wall Street Sales Tax, Robin Hood Tax) to prevent cutting of social services.

Instituting a financial transaction tax of 1% on every single trade of stocks, bonds, options, futures, swaps, and credit default swaps would curb high-frequency trading and force Wall Street to contribute a bigger share to the federal budget. This is not a capital gains tax; it is a sales tax on the market value of stocks and bonds at their market value and derivative contracts, options, puts, forward contracts and swaps at their purchase price. This generates revenue regardless of whether the investment has a gain or loss. This levy would prevent cuts to important social services such as social security, medicare, and food stamps. This tax would not affect transactions or deposits in personal bank accounts.