• ArbiterXero@lemmy.world
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    9 months ago

    It’s actually higher in many scenarios.

    What needs to be taxed like income is loans against the stocks

    • Flying Squid@lemmy.world
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      9 months ago

      Or a simple .01 cent financial transaction tax. Absolutely no effect on the average person, a huge way to raise revenue from bankers and stock traders.

      • ArbiterXero@lemmy.world
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        9 months ago

        Agreed, or just a minimum amount of time that stocks can be owned to kill the high-frequency traders.

    • Liz@midwest.social
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      9 months ago

      Oh yeah that’s right. I forgot about Buy, Borrow, Die.

      I agree, though I’d have to do something thinking about the exact right way to implement a tax on that kind of behavior.