Re: Slightly more patient capital?

[dsquared@xxxxxxxxxxxxxxxx]

UK has a stack-load of measures of this sort, without
obvious effect.

dd



On Mon, 21 Jul 2003 13:49:46 -0400, "Max B. Sawicky"
wrote:

>
> 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