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A comment on San Francisco voters approve taxes on highly paid CEOs, big businesses. Parent comment

Re:San Francisco voters approve taxes on highly paid CEOs, b... by typ on Thursday November 05, 2020 @08:38PM (#25004018)
A transaction tax does not reduce the demand. It reduces the quantity of transactions that matches the demand and supply. That means it adds friction to the reallocation of resources for more efficient use. It literally encourages hoarding. That is even worse than speculation.
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Re:San Francisco voters approve taxes on highly paid CEOs, b... by bhupy on Thursday November 05, 2020 @11:18PM (#25004851)
Why is it that traditional capital gains tax doesn’t function as a transaction tax on equities and securities?
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Re:San Francisco voters approve taxes on highly paid CEOs, b... by typ on Friday November 06, 2020 @12:32AM (#25005191)
I am not sure what you mean by "doesn't function as a traction tax". It does create the same incentive for hoarding. I don't see any advantage of it compared with LVT.
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