How many shareholders are pursuing 5 to 10-year horizons? It seems like most shareholders today are just shareflippers, and if all the shareholders care about is next quarter's earnings report, they will inevitably hire staff that mirrors their interests.
Perhaps moving long-term capital gains tax benefit from 12 months to something like 60, and taxing the rest at regular income rates would change the game.
Perhaps moving long-term capital gains tax benefit from 12 months to something like 60, and taxing the rest at regular income rates would change the game.