How it works, is they get to take all your money: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work
How it works, is they get to take all your money: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work
The part of the statemen saying, “will work” is going to be the new definition of “capital flight”
Can’t imagine people willingly staying if they have somewhere else to go.
Not entirely related, but this may be a time to review what happened with Phillps electronics, you remember them?
It was a Dutch company….
That’s wayyyyyyy too much math for Socialists to comprehend … even though it is no more complicated than +/- x and /.
I’m certain when unrealized capital gains disappear the government will reimburse citizens. And I laughed and I laughed and I laughed.
This absolutely must be on the agenda for the California state legislature.
Roaddog – where is your trigger warming? Kenji may read your comment about his home state lol.
On the other hand, thank God you don’t live in the Netherlands.
Kenji is going to be okay. I hope he and his wife somehow find their way out of The Land of Sun and Taxes and migrate to Free America.
I just want to know how the State will appraise my property? And will I have to pay for the appraisal that determines how much tax I have to pay?
Will I have to pay for the bullet that ends my life … as all capitalist dogs should?
Kenji – that sounds like deja vu, like a great leap forward.
The premise is that the state will tax citizens on the basis of what they decide property’s value is. That includes the option to conclude that securities citizens hold are worth MORE than their price in the market.
Ah, but we aren’t done yet. Capital gains tax on unrealized earnings presents a less lucrative investment with more risk. So, investing in stocks is going to take a downturn. If fewer people suddenly bought stocks, the immediate effect would be a significant drop in stock prices due to lower demand and excess supply. This decreased demand often triggers panic selling, causing market declines or corrections as confidence fades, which can reduce overall wealth, lower consumer spending, and hinder companies from raising capital.
Why be miserable alone, when you can make everyone else miserable too?
Not to worry. The significant capital is exiting California at the same time its population is growing; so those funds will likely remain in the market. I suspect some funds that are now in the market may transition to investment in new startup businesses, once they land in states that actually encourage capitalism and subsequently generate better financial returns as well as new benefits to the community. That California’s population is growing is, I think, reflective of the influx of illegal aliens. The same dynamic seems to be playing out in Illinois and New York; so our most financially broken states will in future generate less tax revenue at the same time their social welfare burdens grow. Liberal Doom Loop 101.
I give Canada credit. They properly enourage investment, especially by low to middle-class earners, with RRSPs, TFSAs, and reasonable tax laws on investments outside of those.
The Government of Canada’s reward is that they receive all sorts of tax revenue from senior citizens, and this will only rise with time.