Also, this is a discussion we had a long time ago, but the market right now looks a lot more like a casino than a vehicle for investment. It used to be a place to invest long-term, helping raise capital for companies to execute a long term plan.
Now it's all about betting on the next quarter earning calls, and a lot of CEOs and companies are largely only about that, at any cost.
I don't know taxes are a solution to that, but it certainly has completely corrupted what the market was a for a long time.