Porsche crashes into controversy in the ultimate 'short squeeze'

[AtW]

What on earth makes you think anyone would take a position that they can't exit out of for 2 years without a huge penalty?

There won't be penalty, just don't expect your profits to be that high. The tax should be higher for short periods - say share ownership over few days is speculation, CGT on it should be at max level, perhaps 90% or more.

Also any leveraging should be outlawed - you either have the money to buy shares or you don't, no loans if any kind - it should not be possible to sell "borrowed" shares.

[HairyArsedBloke]

There won't be penalty, just don't expect your profits to be that high. The tax should be higher for short periods - say share ownership over few days is speculation, CGT on it should be at max level, perhaps 90% or more.

Also any leveraging should be outlawed - you either have the money to buy shares or you don't, no loans if any kind - it should not be possible to sell "borrowed" shares.

What about intra-day trading or in my case less that 15 mins?

[sasguru]

What about intra-day trading or in my case less that 15 mins?

People like you are class traitors and would be tortured in the Lubyanka followed by a long sentence in a gulag in Siberia.

atW.

[DiscoStu]

There won't be penalty, just don't expect your profits to be that high. The tax should be higher for short periods - say share ownership over few days is speculation, CGT on it should be at max level, perhaps 90% or more.

Also any leveraging should be outlawed - you either have the money to buy shares or you don't, no loans if any kind - it should not be possible to sell "borrowed" shares.

You're proposing a 99% CGT, profits will be virtually non-existent on short-term trades and nobody will invest because of the tulip returns they'll get, which brings us back to a frozen market. Time to go back to Economics school. Can I suggest you start with a nice simple GCSE?

[sasguru]

Can I suggest you start with a nice simple GCSE?

He did get the equivalent of a CSE at the Novgordkirskorod Special Needs Technological Institute.

[AtW]

You're proposing a 99% CGT, profits will be virtually non-existent on short-term trades and nobody will invest

When you buy/sell in 15 minutes to make profits that's not investment. I want to encourage long term share holding - low taxes on profits achieved from this will help encourage people hold on to their shares and also take long term view for boards of directors.

Anyone who isn't prepared to hold shares for 1-3 years should not be buying them.

[sasguru]

I want to encourage long term share holding .

Ah I see you've convinced yourself of your omnipotent status. A recognised landmark on the long road to complete nutterdom.

[DiscoStu]

When you buy/sell in 15 minutes to make profits that's not investment. I want to encourage long term share holding - low taxes on profits achieved from this will help encourage people hold on to their shares and also take long term view for boards of directors.

Anyone who isn't prepared to hold shares for 1-3 years should not be buying them.

So your proposal is to dry up both supply of and demand for shares at the same time? Genius...

[AtW]

So your proposal is to dry up both supply of and demand for shares at the same time? Genius...

Yes, it will reduce speculative supply and demand and maybe speculators would apply their brains to do something useful for humanity, find cure for cancer maybe?

[sasguru]

Yes, it will reduce speculative supply and demand and maybe speculators would apply their brains to do something useful for humanity, find cure for cancer maybe?

Or spend years writing buggy software that no one wants or needs?