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You could limit this tax to short term trades so it wouldn't penalize long term buy and hold investors.
by kqr2 17y ago
You could limit this tax to short term trades so it wouldn't penalize long term buy and hold investors.
- jsyedidia 17y agoYes, the simplest solution is a 0.1 % tax on short-term trades. It's actually pretty strange that practically everything else one buys is taxed by the government but not shares. No surprise that we get all this useless and dangerous high frequency trading, and an obscenely large financial sector.
- yummyfajitas 17y agoCapital gains on shares are taxed. Short term capital gains are taxed at a higher rate.
- tansey 17y agoFutures contracts are considered long-term capital gains, even if held for short periods of time.
- deleted 17y ago[deleted]