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ATW's 10 points plan to solve the global financial crisis
Short term speculators are an essential part of the market. They provide the liquidity than enables proper prices to be set and for more strategic holdings to be acquired and dispersed. Without them there cannot be a properly functional market.
Punitive taxation of short-term gains (can you claim losses against tax too for fairness?), turnover (aka. Tobin) tax or any other interference in the proper operation of markets is counter productive, impractical and just plain wrong.
Not that I know anything about it.
Indeed. I'm guessing that you indeed know quite a lot. Makes a change from the assorted idiots we get here.
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