this post was submitted on 26 Feb 2024
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all stock market trades should be taxed at 100% value. dont like it? dont ~~gamble~~ 'invest'
...or just abolish the stock market (at least that's how I read this).
At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.
And no doubt every other closely-tied economy, as well.
Do they get a tax refund when they take a loss as well?