Hi All, I was cleaning out old files this weekend and ran across a number of articles from the late 80s about CEOs who were slash-and-burning their companies to prop up their stock prices. Some of the articles said that other industrialized countries such as Germany had rules that pushed investors to think about the long run.
It got me wondering. Did anyone ever propose something similar to a "Tobin Tax" on domestic stock trading (not quite the same, since Tobin's focus was speculation)? Either tax increases or tax cuts that would encourage longer-term investment? If so, what were the details? Thanks, Anders Schneiderman
