this post was submitted on 27 Mar 2024
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no
also no
Then what's the alternative?
Some eutopia idea they will never come close to implementing. Here's a reasonable fix for the stock market.
Have capital gains add to income instead of having a separate tax rate. (Really unlikely) Keep the exception on the first half million.
Remove the duty to investors that publicly traded companies have. (Also crazy unlikely)
Require all shares in a company pay out annual dividends tired to gross profit. Let's say 1% of gross profit must be handed out as dividends. (Unlikely, but not absurdly so)
Institute a 1% per-trade tax paid by the buyer. (Never gonna happen)
Anyway, we're fucked.
I don't understand the reason for #3 - could you explain?
The rest are great - number one is my personal favourite, too, since it would either result in much more money for the government to invest or (if the tax income stays the same) much lower taxes for most people
many stocks are fantasy values, which are disconnected from the actual performance of the underlying company. #3 would reconnect the stockvalue to the company value (my guess)
Yeah pretty much. It would increase the amount of value the stock holds that's directly tied to the performance of the company. Comparatively, then, buying and selling for a profit would be less attractive. Buying and holding would be more attractive.
You'd have to play with the numbers to get it to an "ideal" ratio, and fantasy and speculative stocks would still exist, but it would still help reduce their prevalence.