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Open original source ↗A good reminder that idiotic tax polices like this can only be made up by naive theoreticians who have never had any responsibility in the real world nor understands how an economy works.
Or the bitter poor. Those who own nothing and have no desire to work their way up and so would rather pull everyone back.
Those are the only two kinds.
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Netherlands just cancelled the 36% tax on unrealized gains. Back to the drawing board after huge negative public reaction. You can't force people to pay taxes on paper profits they have not realized yet. Especially when those gains can evaporate overnight. This policy was going to destroy retail investors and drive wealth to other countries. People would have been forced liquidate assets just to cover tax bills on holdings they wanted to keep. Public pressure works when enough people speak up.
WallStreetMav ↗