>A third change would be something to incent people to hold shares for long periods of time. One way to do this would be charge a decent-sized fee on every sha

>A third change would be something to incent people to hold shares for long periods of time. One way to do this would be charge a decent-sized fee on every share traded (and have the fee go to the company); another would be a graduated tax rate that goes from something like 80% for day trades down to 10% for shares held for 5 years. "However most empirical studies find that the relationship between [Financial Transaciton Tax] and short-term price volatility is ambiguous and that "higher transaction costs are associated with more, rather than less, volatility"." - https://en.wikipedia.org/wiki/Financial_transaction_tax#Effect_on_volatility https://en.wikipedia.org/wiki/Financial_transaction_tax#Effe...