Even under the MOST CHARITABLE viewing,
This forces large investors to focus EVEN MORE on short term quarterly success rather than long term company value because they’re going to be forced to sell the stock at tax time anyway.
They’re already doing it, it this is the nail in the coffin that institutional investors will be fully converted to parasites with negative interest in long term value
Naturally, it’s the people who work for these companies who will suffer the consequences of management being forced to bend to this investment demand.
Like everything democrats do, they think they’re punishing one group, but it will massively harm the people. This is what happens when you write laws to punish certain people rather than restrict government intervention in the market
Even under the MOST CHARITABLE viewing,
This forces large investors to focus EVEN MORE on short term quarterly success rather than long term company value because they’re going to be forced to sell the stock at tax time anyway.
They’re already doing it, it this is the nail in the coffin that institutional investors will be fully converted to parasites with negative interest in long term value