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> stock market would plummet like a rock otherwise Why would it? I mean, it wouldn't affect the fair value of companies... just the amount of actual cash you
by tomp 8y ago
> stock market would plummet like a rock otherwise
Why would it? I mean, it wouldn't affect the fair value of companies... just the amount of actual cash you get out of selling the price (and if only gains are taxed, the tax is proportional, meaning that you it can't tax profit into loss, only profit into less profit).
- TomMarius 8y agoIt would create many economical forces causing investors to not want to invest in the stock market, eventually causing its demise. Each one has been already described in other comments. From my (EU citizen) POI, please go ahead. This will help Europe greatly as it's the most rational place to move assets for most Americans, with many great places with great tax and business culture + these are really nice places to live in, actually. That will in turn raise EU wages to the likes of the USA - thanks!