A few adjustments to the rules, and the stock market will stabilize and Pension Funds will be safe:Redefine Short Term Capital Gains as holding any financial instrument LESS than 2 YEARS. AND, Capital Gains Tax of 20% collected at time of sale. AND, no offsetting Profits with the gambling Losses or sheltering expenses.
A few adjustments to the rules, and the stock market will stabilize and Pension Funds will be safe:Redefine Short Term Capital Gains as holding any financial instrument LESS than 2 YEARS. AND, Capital Gains Tax of 20% collected at time of sale. AND, no offsetting Profits with the gambling Losses or sheltering expenses.