>> I think having a penalty for buying and selling too often is a feature, not a bug : we want investors that think long term. This already exists. It's the lo

>> I think having a penalty for buying and selling too often is a feature, not a bug : we want investors that think long term. This already exists. It's the long-term capital gains tax reduction compared to short-term cap gains tax, and very high corporate taxes (relative to the rest of the world).