Taxes, always a popular topic

The purpose of federal taxes is to return to the Treasury a portion of the currency it issued for accounting and redistribution purposes. Sales taxes, collected by the commercial class and forwarded monthly are more efficient because they involve less record keeping. What would be even more efficient in keeping the currency moving at a sprightly pace would be a transaction tax. Indeed, a financial transaction tax of one percent would generate sufficient revenue to cover the expenses of ALL governmental agencies (federal, state and local). But that would have a negative impact on the financial services industry and a whole class of financial consultants.