I appreciated reading your essay on a bit tax. The thought occurred that current taxes are on an end result, like wages at payroll time, investment at the time of trade or liquidation, or corporate in the form of profit. Your tax proposal is taxing at the process level rather than the end result level. One of the things that has happened since 1840 with the invention of the telegraph is that speed has increased by an incredible amount in communications and transactions. If you ran a General Store in Kansas in 1840, you might have received a shipment of supply once or twice a month and so paying taxes on a yearly basis made sense - there was not much activity. Now, as noted, trades can take place in seconds making the collection of taxes on a yearly accounting out of sync with the potential. Your tax would be accountable in the new time frame - quite an exciting thought and one in which you might consider developing the in presenting your idea. With tax on process, we can also perhaps talk about eliminating the old industrial age taxes on wages, property and profit and lately on consumption to one tax that is charged on business activity in real time. Respectfully Thomas Lunde
