Holland rolled out a 36% tax on UNREALIZED gains :
(twitter.com)
Comments (46)
sorted by:
Same effect as the inheritance tax on farmers in the UK. Forcing the poor to sell assets in order to cover a totally artificial expense. And the rich will just use tax haven trickery to avoid this anyway.
literally communism
and i'm sure all the (((elites))) of the country will not be affected (tax shelters and so forth)
These laws have to come with strict exit taxes. Which the soviets also had
Its good to destroy the stock market. Fuck keynesian jewry.
I agree with this. Too bad this won't actually fix the problem.
this is just slavery.
even communists wouldn't do this.
Yes they fucking would.
The workers' seize the means of production. By which we mean the Party sizes the workers' hands.
Under socialism you (a worker) go where you are told and do the job that you are told; or the commissar will report you to the Party and you go to the gulag.
If you use your skills to make something and sell it in your spare time; then that is The Black Market, and you are stealing from the Workers (i.e. The Party) and undermining The Party. You will go to the gulag.
Surgeons are paid as much as janitors. The Party decides who is valuable and comfortable.
Huddle in your unheated apartment every night and be thankful for your shit factory job. Be grateful that you have not been dragged out and shot, comrade.
Yea.. it was tongue in cheek.. because.. if you want to be parochial they wouldn't even let you invest in the first place.
The rest of this is manchurian candidate nonsense. Socialism is the lure and slavery is the outcome. Capitalism is the lure and slavery is the outcome.
The people in charge don't give a fuck about any of this shit. It's just retard lore to keep you busy thinking about the wrong things. Or somehow believing that there's a difference.
The only people who have the neccesary perspective to make that judgement are eastern-europeans. Ask any remaining polish fossil and it's extremely unlikely any of them will say something like: "chciałbym żeby komuna wróciła". On the offchance you do, you will likely hear it from someone whose aspirations end on becoming a factory feeder.
They wouldn't.
Instead they would just roll up with trucks, take everything digestable and leave you to starve instead.
They FA. I wonder if they'll FO like Norway and their wealth tax.
Norway introduced a wealth tax. IIRC they expected an extra 100M tax revenue per yer. They ended up losing 500M because the rich simply left.
That would have been my guess.
Norway is so cucked im surprised rich people actually follow through for once.
Is norway part of EU? If so, plenty of places to choose from that will gladly take your money/investment lol
So if I buy shares and the price of the stock goes down that means I get to charge the government for the unrealized loss right? RIGHT?
Just outlaw owning stock. It would be more honest.
Good. The sooner the economies of the EU collapse, the better.
And nobody does anything against it. In 10 years taxes will be 99.99% of your income, tou will just pay rent and eat a bug and thats it, work like a slave.
Im SUPER OK WITH THIS.
The stock market is bullshit jew gambling and how the rich keep us stupid and weak. If they make it untenable then our entire economic system shifts to a sustainable model of deflationary asset protection instead of inflationary debt accrual
You’re going to be really excited to learn about controls central banks and fiat
I know all about it bud. And destroying that system is great. This tax is just a part of it. Eventually people will walk away from the entire thing.
Where are they going to walk too?
Back to normal free market trade before it was jewed to hell and back. You know, the same way we have ALWAYS done it since before time?
You're a fool if you think this is going to affect anyone at the top. This is just a scheme to ensure the peasants can't get in on the racket.
When the system fails the people, the people stop using the system, and the system fails.
The hew bankers only make money on this by taking our money. If we aren't fuckibg with their money systems, its useless.
It will absolutely effect those at the top .
system failed in 2020, I've been waiting for everyone else to realize the "end of days" just means you stop keeping track of the date.
anything moving forward from 2020 was globalists creating bunkers and Samson options, tainting the evidence, and securing a boot on every countrys throat. I digress.
You're allowed to buy and sell stocks too. Brokerage accounts are free. They even have mobile apps.
And what make little plays here and there "look papa i am a jew too just like you" "yeah that's nice goyim now turn away im busy raping babies" "ok papa youre my greatest ally"
Oh, you're retarded. Never mind.
You sound jewish
Fuck off retard.
Thought so
Fuck off retard.
Is it safe?
I've never had any problems with it. If any major brokerage collapses or accounts get compromised then we're all going to have way bigger problems than losing some money.
Everyone will sell their shares December 31st or earlier that month. After January 1st, they will buy the shares back. All they did was have a day where no one owns shares. It’s literally universal insider trading.
Not sure if they have a wash sale rule, but ya I essentially agree with your point. I also don’t know if they have long term capital gains but I guess you’d never reach that either.
Doubt that would work. I don't know how Holland does it, but one of two things would happen:
Either way, they still get their taxes. The whole reason they want to taxed unrealized gains is because if you buy and hold for 20 years, they're not getting tax revenue. Getting taxed on realized gains isn't a workaround for getting taxed on unrealized gains.
Obviously, this is assuming unrealized/realized are taxed at the same rate. If that's not the case, it would depend on the rates if it made sense to do.
The real question is if it's just stocks or they'll do it to other assets. Imagine sneaking in a 36% tax on real estate appreciation, forcing everyone to sell to afford it.
Oh no, the retards responsible for tulip mania are trying to make up retarded taxes. Shocking, really.
Ridiculousness of the law aside, an example where your shares give a 100% ROI in 12 months, but then suddenly lose 80% of their original value in the next 4 months is an insane situation that only usually exists in pump and dump cons.
Using implausible fantasy values is only good for making me suspicious that the real impact is decidedly less convincing.
Everyone has the same tax year end.
The poors and the soon-not-to-be-middle-class get some 10% gain, but to pay it, they need to sell stocks. ALL of them need to sell stocks. So the stock price plummets.
And then the rich buy it up on the cheap-cheap, because all the poors had to sell it to pay their taxes on it, even though they haven't actually made any money yet.
Illiquid Dutch stocks will behave VERY differently if everybody is forced to sell in the same 4 months every year.
I mean ... that's basically the Ubisoft stock.
Jokes aside, Ubisoft's fall has been more of a smooth decline to nothing over 5 years. A slow decline then a fast drop is much more common than the boom and bust reversal of fortunes described above.
https://finance.yahoo.com/quote/UBI.PA/
Isnt holland part of the EU? Move lol.
Can you claim losses, too?
The big issue is forcing sales will impact prices. Everyone dumping stock to cover tax bills, at the same time, will wreak tremendous volatility.
I know what they mean, but I always hated the term unrealized gains.
Like yeah, I can't do anything about money that doesn't exist yet. How the fuck are you going to tax fucking vapor potential money?
How long before they tax the unrealized gains on your house?
To help house all the “climate refugees” / “gimmigrants”