Originally Posted by Beingist
There goes Snerp, stating the facts, again
You can't charge people who are holding the SPY for the 1.95% yield (as of today) 4.8% in taxes and expect this to somehow be feasible. It's the kind of idea that could only be suggested by someone who either
1) has absolutely no clue how the market works
2) simply wants to completely kill the market
So it's either malice or stupidity. Either way it's absurd.