"...no capital gains tax on any shares of stock (private or public company) held for 5 years or more, and no tax on dividends paid to shareholders who have held stock in the company for more than 5 years."
Wow. That would change Wall Street in a hurry. I don't know the full macro economic effect this would have on our system but I know the effect it would have on my personal investment.
"And solutions won’t come from bureaucrats trying to prevent the traders from hacking the system."
This is obvious to anyone... except lawmakers unfortunately.
Damn. I think of Mark Cuban as a one hit wonder from the golden ages who freaks out at basketball games but this article was pretty damn intriguing.
I really wish this wasn't considered ground breaking. The same has been spoken of CEO compensation vesting rather than guaranteed compensation packages.
The idea of separating measured performance from compensation is a joke.
What metric could you come up with that wouldn't be gamed? Other than say, overachieving profit targets. The CEO has a lot of latitude to screw the company for their benefit.
Wow. That would change Wall Street in a hurry. I don't know the full macro economic effect this would have on our system but I know the effect it would have on my personal investment.
"And solutions won’t come from bureaucrats trying to prevent the traders from hacking the system."
This is obvious to anyone... except lawmakers unfortunately.
Damn. I think of Mark Cuban as a one hit wonder from the golden ages who freaks out at basketball games but this article was pretty damn intriguing.