You start the thread saying what people ought to do with their money and presumably having it forcefully taken with little understanding of financial markets. This is [one reason] why nobody takes these suggestions seriously about personally wealth.

Then you should be able to make a well informed comment on the matter, as you clearly understand it.

> This is [one reason] why nobody takes these suggestions seriously about personally wealth.

What suggestions? Capital gains tax? I only know of very few industrialised countries not enforcing capital gains tax. So that idea is most certainly taken serious.

> You start the thread saying what people ought to do with their money and presumably having it forcefully taken with little understanding of financial markets.

Can you expand on this? Having money "forcefully taken" is a core feature of modern efficient markets whether you like it or not.

In that example, you provided the money; I was just a middle-man.

Except as it pertains to employee/executive comp and future fund-raising, the company doesn't care about the secondary market liquidity. They care about the money they used over that 30 years to grow.

But that value already existed as an intrinsic property of the company (eg. NAV). What the market did was to unlock these money for the company to use - Ie. they provided liquidity.

Example: I have a company that is worth $1000, but I need to spend $200 in R&D. I sell 20% of the company in the market for 200$. No value way produced, but the market transformed my 200$ from company to money - ie. liquidity.

Value that only happens when people trade, and not when people hold. So back to my initial point: Long term investors does not provide value.

Upon what is this based in a world where no long-term investors exist?