We all Americans want to help pay our government debt, equally.
The proposed tax is applicable to all monetary transactions, NO EXCEPTIONS, and ONLY to pay the Federal debt. This includes payments for Social Security, Medicare, aid, salaries, contracts, purchases, investments, debts, salaries, presents, savings, etc.
The tax rate, revised quarterly, will pay off the debt in 3 years, and zero when the debt is less than 3% GDP. In transactions with foreign countries the rate is 1/2, paid only by the US party.
The tax will be called a disgraceful name, indicating the citizen’s fault for not regulating government properly: e.g., the Carelessness Tax.
If the annual monetary transactions is 1000T$/yr and the debt is 18T$, to pay the debt in 3 years the tax will be 6T$ and the rate 0.6%.