I know many that instead of pursuing a career, have instead pursued day trading, either in stocks, crypto, or something else. They’ve all fallen for fake gurus online who post fake wins and act like they are successful traders, when in reality they’re all scams. 95+% of day traders lose money, and this is incredibly unproductive for society. It’s basically a form of gambling, except you lose pretty much every time. I think day trading taxes should be dramatically increased, or the practice should be banned outright for non accredited investors. Then the youth can stop falling for these scams and do something with their lives.
Crypto is a scam when Trump is talking about crypto? Don’t need to ban need need to properly educate people on it. And no it shouldn’t be just accredited investors when it was the people that developed a lot of it. Now were suppose to sit back and take no part and let the rich people have it? I don’t think so.
Day trading is not crypto. Anyone can buy crypto, there should just be incentives so that people aren’t wasting their lives trading it every single day. Just my perspective though.
minor point - if day trading is a mostly a scam and 95% or more lose money on it, exactly who are we raising taxes on?