Detailed text transcripts for TV channel - MSNBC - 20111029:12:41:00
If you are doing the kind of sort of long-term investing that we sort of tend to idealize you'll not get hit that hard. if you're running 40 transactions a day, then you will get hit. >> what mort is saying is correct. the impact of the tax declines over the duration of a longer holding but it is not just a tax on speculation. >> sure, sure. >> understand what it is. >> it's on every transaction. >> it used to exist in new york. significant revenue source for the state of new york, it lapsed. could it be put back in place without having a huge impact on where capital flows? yes. should it be d...
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