Reward real investing, tax the H-E double toothpicks out of traders
It's not 100% original (or maybe even 50%), but I like this idea.
“If you buy something -- a stock or a bond -- in the morning, and you sell in the afternoon, the tax probably ought to be 80 percent,” said Gerstner, also a former chairman of Carlyle Group, the world’s second-largest private equity firm.
“If you hold it for six months, maybe it ought to be 60 percent,” Gerstner told Bloomberg Television.
Selling an investment after five years should carry a zero rate “to try to get the incentives for investment to go back to being a true investor and not a trader,” he said.