Be me, Dutch investor
Netherlands approved 36% unrealized gains tax
WTF does that even mean
Put $1,000 into stocks
Year 1:
• Stock goes to $2,000
• Government: "you made $1,000, pay $360 cash tax"
• MFW I didn't sell anything
• Forced to sell shares to pay
• Everyone else forced to sell too
• Mass panic selling
• Stock crashes to $800
• I have $440 left after paying tax
Year 2:
• Stock recovers to $1,200
• Government: "you made $400, pay $144"
• Forced selling again
• Price drops to $900
• I have $756 left
Year 3:
• Stock at $1,000
• Government: "you made $100, pay $36"
• Smart money has fled Netherlands
• I have $964 in stock
• MFW I paid $540 in taxes
• MFW stock is back where it started (0% gain)
• MFW I only have $460 left
• Lost 54% on a stock that broke even
MFW the government made more money off my investment than I did
Government: "Thanks for the $540! 😊"
A group of polar bears that have taken over an abandoned polar research station off Russia's far eastern coast have been intimately captured in drone footage by Russian traveler and photographer Vadim Makhorov. He discovered that the animals were using it as a shelter.
In the moment of victory, you do not restrain yourself from crushing the enemy you have defeated,
but rather from needlessly advancing against others.
Be merciless with your enemy, but do not create new enemies by overreaching.