Friday, April 17, 2009

Why You Should Want Higher Taxes

Check it out. My colleague Ilan Moscovitz at the Motley Fool proposes that the financial crisis was caused, in part, by investors focusing on short-term gain rather than on the long-term health of the businesses they were investing in. He proposes a tax on short-term sales of stock to provide an incentive for long-term rather than short term investing. But why am I telling you this? Go read it yourself.

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