Waaaaaaay too soon! I’d love a burn though in the future.
3 Likes
I think at any given time a 7% burn Tax is going to get push back. People don’t like a burn tax when it’s taking a bite out of their profits. They are more acceptable to taking crumbs off the plate than taking a large bite. I also don’t believe we should use it as a punishment or deterrent for selling. We need to let people buy and sell as they see fit.
On that note I would recommend we do a modest burn tax on all sale of .25%
The intention is to have a slow burn not quick burn
I believe this should be a set time period to review activity and determine if the burn is irrelevant or not. ( how much do we burn?)