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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 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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