These replies are full of poor fucks begging to suck rich cock. They're not gonna tax your 5 shares. These wealth taxes are never for YOU, yes YOU reading this tweet. You're closer to the bum on the street than you are any billionaire but you still identify with them lol
๐จ SOUTH KOREA JUST PROPOSED TAXING UNREALIZED GAINS.
And this is one of the major reasons behind today's massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.
At a forum hosted by South Korea's ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.
The ruling party has pushed escalating wealth tax measures throughout 2026, including a February forum proposing to lower the real estate capital gains exemption threshold from 1.2 billion won to 800 million won, and an April push to abolish the long term holding tax deduction entirely.
Today is the first time this campaign has explicitly extended to taxing unrealized stock gains.
Under current law, investors are taxed only when they sell a stock and realize a profit.
Under this proposal, investors could owe tax on paper gains they have not sold or collected, simply for holding a stock that went up in value.
The Netherlands tried almost this exact policy four months ago.
On February 12, 2026, Dutch lawmakers passed a law taxing unrealized gains on stocks, bonds, and crypto at a flat 36% every year, whether or not anything was sold.
The backlash was immediate. A petition against it gathered more than 61,000 signatures, and Shopify CEO Tobi Lutke called it "the dumbest thing any government on planet earth is pursuing right now."
Just 13 days after the bill passed, the Dutch finance minister announced the government would scrap the unrealized gains portion entirely, admitting the law "cannot pass as is."
This lands directly on a South Korean market that just ran up nearly 95% over the past year, built largely on heavy retail buying with borrowed money.
A tax on gains that exist only on paper is a direct threat to the exact rally that created that exposure in the first place.
@trevorlyman@LPNational Jesus fucking Christ why did I expect a braindead piece of shit to have looked anything up or be honest about anything. Shame on me.
https://t.co/sTf11EEsXf
@StealthQE4 They never will. Think about why: all it takes is trump not lying once for them to miss out.
So rather than going with the obvious (he's lying) they play along just in case he's not lying for the first time ever.
@BillAckman You say people being forced to sell as if it's a bad thing. Rents are too fucking high. Force these parasites to sell at a loss so house prices drop and so do their costs and therefore rents.
Stop complaining about other people's solutions when you have none.