3 ms·
Still with all that knowledge I'm afraid it's almost impossible to slow down group dynamics (and that's all this is) to a point where everybody doesn't get hurt
by dschoen 15y ago
Still with all that knowledge I'm afraid it's almost impossible to slow down group dynamics (and that's all this is) to a point where everybody doesn't get hurt - again. People are going to try to outsmart the bubble, probably even accelarting it. Human nature, I guess. Still sucks. :)
- saalweachter 15y agoI think you could get a lot of mileage out of taxation. Increase the short-term capital gains rate to -- say -- 50%, add in an shorter-term capital gains rate of 75% for gains inside a month, and just for good measure top it all off with a super-short-term rate of 90% for gains inside of a day. And to balance the equation, maybe make a longer-term capital gains and drop the capital gains rate on investments lasting more than 5 years to 5% or so. (Or, heck, just inflation-index them.)
- tatsuke95 15y agoTwo problems: 1. There is zero political will (yet) to raise taxes. You will never get elected on a tax raising platform. 2. Increasing taxes means a decrease in aggregate demand, which will slow the economy -- an economy already in the doldrums. That's why it's such a precarious situation.