Yes but I forget who. Somewhere I have a stack of papers from a conference on this.
Capital gains rates, among other complexities, reflect this purported intention of encouraging buy and hold. Best recent book is Len Burman, "The Capital Gains Labyrinth." Where ya been? max It got me wondering. Did anyone ever propose something similar to a "Tobin Tax" on domestic stock trading (not quite the same, since Tobin's focus was speculation)? Either tax increases or tax cuts that would encourage longer-term investment? If so, what were the details? Thanks, Anders Schneiderman
