The Netherlands is about to commit financial self-destruction. Their parliament just passed a 36% tax on unrealized gains for investments.
This will cause wealthy people to move to another tax jurisdiction. People will avoid launching a new business. Stock market investing will dry up.
There is too much downside risk, very little upside potential. The govt is confiscating most of the potential upside, but leaving the investor with the downside risk.
The politicians know this, they have discussed it and they are concerned about it. But they did it anyways to close a short term budget gap of roughly $2 billion. As with other countries that attempted a wealth tax, it will likely backfire and result in less tax collected after wealthy people leave.
The results will be so negative, the govt will reverse course within a few years. But by then the damage is already done.
BREAKING: Multiple Epstein victims tell NBC News that Pam Bondi intentionally un-redacted their names and other victims' names as a way to threaten them into silence!
“I think we all realize now that [the DOJ] really wanted to silence us, and [they] thought that [they] could scare us by putting our names out there.”
“It had a list of victims, and one was redacted. That makes no sense. This is a list of victims. That is INTENTIONAL!”
This is an impeachable offense. Pam Bondi needs to be impeached immediately!
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I didn't know where to find all the avatars that I got from leveling up, and here it is👇🏻
Check the video below.
Those are amazing! What is your most favorite one?
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