Summary of 금투세, 의도는 좋았지만 아직은 아닙니다 f.이선엽 부장 [심층인터뷰]

00:00:00 - 00:25:00

The interviewee in this YouTube video discusses the proposed stock transaction tax, expressing concerns about its timing and potential negative consequences. They argue that while the intention behind implementing the tax may be good, the current lack of sufficient support and the potential losses for all investors if those who hold stocks also sell them need to be considered. The speaker emphasizes the need to prioritize the consequences for individual investors and the general public, rather than political motivations. They also discuss the concept of punitive taxation and the importance of timing in implementing such measures.

• 00:00:00 In this section, the interviewee discusses the issue of the proposed stock transaction tax. He emphasizes that while the intention behind implementing the tax may have been good, it is not yet the right time. He argues that if only the individuals who pay the tax are affected, it wouldn't be a problem. However, if those who hold the stocks also participate in selling them, it would result in losses for all investors. He states that politics should not be the driving force behind such decisions, and that the most important consideration should be the consequences for individual investors and the general public. He acknowledges the need for a system to support the tax, but currently, there is a lack of sufficient support for it. The interviewee also discusses the concept of punitive taxation and the importance of timing in implementing such measures.
• 00:05:00 In this section, the speaker discusses the potential negative impact of the proposed securities transaction tax. They mention that one of the main concerns is the negative effect it would have on investor psychology and sentiment. They highlight that in the stock market, foreign investors and institutions have a significant influence, and if they were to sell off their stocks due to the tax, it would not only affect them but also all other investors holding those stocks. The speaker also raises concerns about the fairness of the tax, as it only targets individual investors and excludes larger investors. They suggest that rather than completely opposing the tax, it would be better to refine and adjust the timing and implementation of the law to minimize its negative consequences.
• 00:10:00 In this section, the speaker discusses the current state of the financial market and whether implementing a tax on stock trading is the right move. While acknowledging the need for financial stability measures and tax revenue, the speaker raises concerns about the timing and effectiveness of such a tax. They suggest that before implementing any new measures, a more robust system for individual investors should be established, similar to those in advanced countries like the United States. The speaker emphasizes the importance of strengthening legal and regulatory frameworks and protecting the rights of small investors. They also mention the need for a comprehensive approach that includes improvements in governance and law enforcement. Overall, the speaker believes that careful consideration and the development of a more supportive environment for investors should precede the implementation of any new tax policies.
• 00:15:00 In this section, the main focus of disagreement regarding the securities transaction tax lies with the major shareholders. The current requirement for major shareholders is 1 billion won, but the ruling party suggests increasing it to 10 billion won, while the opposition party suggests that if that requirement is addressed, they will withdraw their call for the increase to 100 billion won. It is important to understand that both the ruling and opposition parties have considerations and thoughts about the tax, and they believe that the focus should be on timing and completion rather than focusing on the controversy surrounding it. The implementation of the tax is seen as premature due to the current inadequacy of the system, and there are issues to consider in terms of overall policy and security. Therefore, it is important to avoid misunderstanding and redirect the focus towards the timing and completion of the tax, rather than focusing on misleading controversies such as tax cuts for the wealthy.
• 00:20:00 In this section, the speaker discusses the potential impact of economic measures on businesses and employment. They mention that while companies may benefit from reduced regulations and hiring, layoffs will still be difficult to avoid due to labor shortages. The speaker also notes that there is speculation about a possible interest rate increase in the coming year, but opinions on the severity of the economic downturn vary. Additionally, the speaker touches on the situation in China, highlighting the recent easing and then tightening of COVID-19 measures and the potential consequences of a major political crisis in the country. They emphasize that China's economy plays a significant role globally, and any disruption would have far-reaching effects. The speaker concludes by mentioning that China is now focusing on bolstering its credentials on handling the Omicron variant, which indicates a direction towards living with the virus rather than strict containment measures.
• 00:25:00 In this section, the speaker mentions that although there may be some economic slowdown, the market has already started reflecting measures that can alleviate the situation. He suggests that there will be further adjustments in the future, but perhaps not as drastic as initially predicted. The speaker concludes by discussing the negative performance of the KOSDAQ and KOSPI, and mentions that more detailed discussions will take place with another guest later on.