Shares would not be traded nor used as collateral during that time. The 2 year period would start from the purchase of the shares - to ensure an even volume on the market ;-)
Dividends would continue to be paid.
In one stroke we escape the quartal mentality, heavy liquidity, and bring some seriousness into investment.
It's a bit like owning a racehorse really. Or 'put your money where your mouth is and come back in 24 months' You can't be me, I'm taken
The introduction of a substantial overnment transfer tax on all transactions might prove the most serviceable reform available, with a view to mitigating the predominance of speculation over enterprise in the United States.
This would apply to all transactions, including right down to getting cash from an ATM.
This has to be set against having no other personal or corporate taxes on income. So it would be 6% flat.
The real benefit would be that a small footprint lifetsyle could lead you to feel great dignity. You can't be me, I'm taken
I though the Tobin Tax was a minute amount, designed to slow down huge, frequent international finance transactions but to leave alone the individual investors. Nothing is 'mere'. — Richard P. Feynman
In Spain until at least a few years ago, there was no capital gains tax on shares which were kept for a sufficient number of years (maybe 10? 18?) I don't know whether that's still the case. Nothing is 'mere'. — Richard P. Feynman
Or I am I the only one to experience it
Yes A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
Most bonds are traded so that interest is figured daily and the buyer has to pay the seller the proportionate amount of accrued interest which they get back along with the interest from the rest of the period at the next payment date. Policies not Politics ---- Daily Landscape
