네덜란드, 미실현이익 36% 과세 재검토에 직면 ⚠️

Not a lot of thinking in the first place

Nothing better than the government taxing you and forcing you to take an action triggering another taxable event.

Edit: Aparently they skipped the first step and don't even tax realized gains. I can't comprehend the logic here.

What idiot came up with this?

aaah yes forced liquidation by the government. Great for divorce split assets, alimony and child support. Maybe not so much for other situations.

I see ppl suggest this all the time to solve billionaires who never sell stock and never pay taxes. It’s so obvious that it’s a terrible idea and would certainly hurt retail more than anyone

If buy a company stock for $5 then tomorrow its $10, its not because it grew, its because the last shares that were recorded sold were sold at $10, and I have to pay tax because the last person that purchased a share bought at $10? Lol.

Of course this bill can’t pass. Government can literally charge you for owning any assets. It is literally force people to be “YOU WILL OWN NOTHING, BUT YOU WILL HAPPY.” People will not able to own a baseball card if this law pass.

Average europoor moment🥀

NL government doing its best to keep people from moving up. Keep working and spending, do not invest. Brilliant strategy. Fuckheads.

So it's like property taxes in Washington state?

I get taxed on an increasing value I can never get a hold of unless I sell...where I will be taxes again

How to kill your economy and keep your citizens poor 101

Negative interest rates with extra steps.

The goal is to keep you poor, so you rely on the state.

I am waiting for our euro friends to explain why this good.

This really came as a scary surprise. I knew our government was incompetent but always assumed they had some financial advisers. This is truly beyond stupid.

All the rich people would leave the country and lots of jobs would most likely be cut. What happens on unrealised losses do you get credit from the government? Of all the ways to increase tax this is the dumbest way. Everyone will go private and never sell assets or go into debt with investment properties with no intention of selling to have paper losses to offset gains. No incentive to invest in the nation and so the government will have to invest instead, so they will have to figure out another way to increase it. Which defeats the purpose of this tax increase.

We all know it's a terrible idea, and it is impossible to work. It's only reddit and progressives that have thought it was a good idea.

The way it’s written appears to be tax on up years but no credit on down years which is way worse than described as the govt could in high volatility just tax you past any gain and start taxing principal as gain.

So you’d sell all your stock Dec 30 and re buy Jan 2 and just pay whatever their short term capital gains tax is instead. Or just stick to bond instruments but even then there’s this risk.

It’s horrendously badly written law. But that’s the point it’s to punish not to accomplish govt revenue or make someone’s life better. It is anger and envy.

But left x populism (specifically the two combined) when it comes to economics blows up the economy every 2-3 generations. People need a generation that FAFOed to remember. In recent memory we have USSR and China in the extreme and then cases the govt taxed income over 80% as a less severe example that still blew up economies or more or less halted all growth. Myriad examples of rent control being a problem are present as are economies like Argentina. Milder recent examples are the Finnish wealth tax. Right populism has its own proclivities but usually is more benign on the economy except in cases it’s full out statism.

This stuff is rooted in our ape brain. Other ape has 2 bananas and you have one and it’s not fair so we throw a rock. It’s a reversion to our worse impulses to not think through the consequences. To think instead of feel is a rare and precious thing and is not the natural way of our species. In the moments we’ve thought instead of felt are the ones we’ve broken through and advanced tremendously, but we always want to go back to being dumb apes with big feelings.

The most insidious part about this proposal is that it can be avoided by incorporating your capital gains. So wealthy people can dodge most of the tax by setting up companies but middle class people won’t be able to. Basically it’s just a way to prevent upward social mobility.

Why don't all these morons realize that they should just regulate loans taken against assets. I know a *lot* of wealthy people and every single one just parks their assets and takes out low % loans against them to spend on life

Also treat capital gains as income

If you start taxing unrealized gains, you will 100% collapse your innovation/startup economy because you severely disincentivize creating value

Property tax is tax on unrealized gains, 36% is a bold start though