Comments on: Different Stock Classes: Trading vs. Ownership Shares?? http://blog.robertsalomon.com/2010/03/04/different-stock-classes-trading-vs-ownership-shares/ Mon, 06 Feb 2012 15:52:29 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Kaleberg http://blog.robertsalomon.com/2010/03/04/different-stock-classes-trading-vs-ownership-shares/comment-page-1/#comment-1810 Kaleberg Sat, 06 Mar 2010 05:29:44 +0000 http://blog.robertsalomon.com/?p=1742#comment-1810 More effective would be raising the taxes on short term taxes to recover the costs of the next big bailout. We also might consider lengthening the term and pro-rating the rate over several years of the holding period. We've seen the market inefficiencies that result when taxes are too low. Also, put a tax on transactions involving financial instruments. When I bought a house in Massachusetts, the guy at the bank handling the closing explained that the first act of the new American state of Massachusetts was to pass a Stamp Ac placing a tax on various legal transactions. Call it a service fee in case one party wants to ask a court to enforce the terms of the transaction. More effective would be raising the taxes on short term taxes to recover the costs of the next big bailout. We also might consider lengthening the term and pro-rating the rate over several years of the holding period. We’ve seen the market inefficiencies that result when taxes are too low.

Also, put a tax on transactions involving financial instruments. When I bought a house in Massachusetts, the guy at the bank handling the closing explained that the first act of the new American state of Massachusetts was to pass a Stamp Ac placing a tax on various legal transactions. Call it a service fee in case one party wants to ask a court to enforce the terms of the transaction.

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