[quote=AN][quote=swave]Investing should be encouraged, but gambling should not be. A variable tax rate on capital gains would have this affect. From 99% tax rate on trades made in seconds or minutes to 0% on investments that last 50 years.[/quote]How many companies have been around for 50 years and how many have come and gone in less than 50 years? How many of those who survive actually beat the rate of inflation? For those who want to retire at 65, they would have to invest all their money they would retire with at 15. If they invest when they’re 40-50, which is usually one’s best earning year, you either have to pay HUGE taxes when you retire @65 or just pass it on to their heir (unless they live until 90-100 years old).[/quote]
Obviously, there would be other rates between these extremes. Perhaps 1% at 40 years, 2% at 30 years, 5% at 10 years, 10% at 5 years, 20% at 1 year, 30% at 6 months, 50% at 1 month and 70% at 1 week.
