Taxing stock transactions is "a really bad idea" that congressional Democrats should avoid, write Donald L. Luskin, chief investment officer at Trend Macrolytics, and Chris Hynes, CEO of Hynes Capital. The two say Democrats are acting as if trading stocks is a vice that should be taxed, in the same way tobacco, alcohol and gambling are taxed. "Except that trading isn't a vice. The exchange and hedging of business interests is a virtuous -- and utterly essential -- activity in a free economy," they write.
No comments:
Post a Comment