I think a good compromise there is to get rid of shorting.
And tax capital gains at a rate inversely proportional to how long the shares were held. E.g., 90% if held less than a second, 10% if held over 10 years.
what makes 'shorting' special? I understand what shorting is from a non-market-junkie point of view (essentially betting that a stock will go down).. is that just more 'gameable' than buying stock.. i guess i don't see the difference between 'i bet this will go up' and 'i bet this will go down' it's still a bet.
I think a good compromise there is to get rid of shorting.
And tax capital gains at a rate inversely proportional to how long the shares were held. E.g., 90% if held less than a second, 10% if held over 10 years.
what makes 'shorting' special? I understand what shorting is from a non-market-junkie point of view (essentially betting that a stock will go down).. is that just more 'gameable' than buying stock.. i guess i don't see the difference between 'i bet this will go up' and 'i bet this will go down' it's still a bet.