This would absolutely destroy the economy. Everyone will sell all their stocks because they’d be better off with just cash than a yearly tax burden on gains. What happens when everyone sells and there are no buyers? I can’t see how anyone not intentionally destroying the country could think this is a good idea.
This would absolutely destroy the economy. Everyone will sell all their stocks because they’d be better off with just cash than a yearly tax burden on gains. What happens when everyone sells and there are no buyers? I can’t see how anyone not intentionally destroying the country could think this is a good idea.