“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” Ellison continued, “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”

The ‘Inclusive Prosperity Act’ would levy a sales tax on the trading of stocks, bonds and derivatives. Ellison estimates it would generate $300 billion in revenues annually.