Daily Archives: June 27, 2009

Would This Be The End of Wall Street?

Louis Gerstner recently said that “short-term investment gains should be taxed at 80%”. It’s one of the most logical things I’ve ever read. But such a logical plan to fix what’s wrong with our greedy economy by taking us back to good old-fashioned long term thinking would likely be the end of Wall Street.

But would that be a bad thing?