[AlphaOne1]

Interesting idea. I have recently been reading John C. Bogle's work (of Vanguard fame) and he seems to be of the opinion, from my interpretation, that short term speculation will have disasterious consequences for the Stock Market and that we need a sort of Sin Tax to discourage such behavior. Your idea would track with that.

[no_wizard]

Not just the stock market. The short term thinking person induced by that has knock off issues all over the place, from environmental to healthcare to the physical harm of workers being pushed too hard in the name of short term profit.