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The intention behind this tax regime was that long-term investing has positive external effects on the overall economy so should can be incentivized (which like
by andrewjl 9y ago
The intention behind this tax regime was that long-term investing has positive external effects on the overall economy so should can be incentivized (which like all other social incentives in the US is done via tax incentives). In 2017 with a global glut of capital desperately looking for any kind of return, it's not clear if this incentive is necessary anymore.