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06:22 Aug 8, 2001
German to English translations [Non-PRO] Bus/Financial
From second link:
I think a more fair system (and one that might not be greeted with such extreme resistance) is a "time-graduated capital gains tax." For instance, capital gains achieved in a small time (purely speculative) should be very heavily taxed -- but with the tax rate decreasing as the time during which the gains were made increases. So capital gains from a long-term investment would be "lightly" taxed (say 10%), while gains from short-term speculative investment would be taxed almost to the full amount (100%). Sounds drastic, but it would eliminate speculative investment since all gains from speculative investment (gains realised in under a few weeks) would go to the government as tax revenue. Investment would tend to be more long-term based.