Re: Slightly more patient capital?

[Anders Schneiderman <SCHNEIDA@xxxxxxxx>]

Hi Max,

Thanks for the Burman cite; if you ever excavate the papers and find the name of the person, could you drop me a note?

re: where I've been:  working as an IT manager to pay off grad school bills & recover from political activism burnout.  I'm now the "Information Manager" at SEIU, but I spent a few years working in corporations, which was an eye-opener.  After that experience, I have a hard time taking seriously economic arguments that assume efficiency.  Dilbert, not Coase, ruled my world.

Anders 

>>> sawicky@xxxxxxxxxxxxxxxx 07/21/03 01:49PM >>>
Yes but I forget who.  Somewhere I have a stack of papers
from a conference on this.

Capital gains rates, among other complexities, reflect
this purported intention of encouraging buy and hold.
Best recent book is Len Burman, "The Capital Gains
Labyrinth."

Where ya been?

max



It got me wondering.  Did anyone ever propose something similar to a "Tobin
Tax" on domestic stock trading (not quite the same, since Tobin's focus was
speculation)?  Either tax increases or tax cuts that would encourage
longer-term investment?  If so, what were the details?

Thanks,
Anders Schneiderman