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E19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
All-In with Chamath, Jason, Sacks & Friedberg
The Capital Gains Tax Is a Big Deal, Right?
In the us. M we generated a hundred and 60 billion dollars in capital gains tax last year. So what you could do is you could charge point one % on every trade. It would reduce all this high frequency nonsense, where people trade in and out of stocks. And you could get rid of the capital gains tax. Think about that. If we didn't have to pay capital gains tax, and we were only taxed when we traded out of a stock, point one %, you could see an incredible amount of capital making its way into businesses. This would fuel economic growth and jobs and prosperity.
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