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The Dutch government is destroying long term compounding by introducing a 36% tax on unrealized gains. As a Dutch citizen and long term investor, I’m at a loss for words about the lack of vision behind this new tax. I normally don’t post anything politically related, but what our government is planning to do is disastrous for long term investors. This is the sad truth. Most people here start investing to protect themselves against inflation and ever rising pension ages. They’re trying to put hard earned money to work, hoping they can retire before the age of 71. And they had a real shot at that before this bill. If you started at 25 with €10,000 and contributed €1,000 every month, you could compound to €3,320,000 over 40 years. If you lived prudently, you could retire early and live off it for the rest of your life. With the new capital tax? After 40 years of compounding, you’d end up at €1,885,000. That’s a €1,435,000 difference. This tax denies generations the chance of early retirement, punishes those who take risks, and introduces severe liquidity issues for people who have been compounding successfully for years. And to what end? To fill a €2.4 billion tax hole. I’m beyond words. If you’re Dutch like me, please share this visual with fellow investors to increase awareness. Hopefully we can make our politicians understand the severity of this tax, and the breadth and depth of its destructive implications. ~ Jan

InvestingVisual's tweet photo. The Dutch government is destroying long term compounding by introducing a 36% tax on unrealized gains.

As a Dutch citizen and long term investor, I’m at a loss for words about the lack of vision behind this new tax. I normally don’t post anything politically related, but what our government is planning to do is disastrous for long term investors.

This is the sad truth.

Most people here start investing to protect themselves against inflation and ever rising pension ages. They’re trying to put hard earned money to work, hoping they can retire before the age of 71. And they had a real shot at that before this bill.

If you started at 25 with €10,000 and contributed €1,000 every month, you could compound to €3,320,000 over 40 years. If you lived prudently, you could retire early and live off it for the rest of your life.

With the new capital tax? After 40 years of compounding, you’d end up at €1,885,000. That’s a €1,435,000 difference.

This tax denies generations the chance of early retirement, punishes those who take risks, and introduces severe liquidity issues for people who have been compounding successfully for years. And to what end? To fill a €2.4 billion tax hole.

I’m beyond words.

If you’re Dutch like me, please share this visual with fellow investors to increase awareness.

Hopefully we can make our politicians understand the severity of this tax, and the breadth and depth of its destructive implications.

~ Jan

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Wall Street Mav

@WallStreetMav

4 months ago

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.

WallStreetMav's tweet photo. 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.

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lex hoogduin

@lexhoogduin

4 months ago

Hoe kun je dit bedenken op een moment dat je meer investeringen, meer beleggen en groei wilt bevorderen? Zou het echt helpen om dan papieren (nominale?) vermogenswinsten te gaan belasten tegen 36%?

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Jelle

@CryptoJelleNL

5 months ago

If you're a Dutch taxpayer, go ahead and sign the petition against it. 40k signatures is enough to make noise on the main stage and make your voice heard in the place where it matters. They'll probably ignore it, but it can't hurt to try. https://t.co/7mjBtQg85G

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Romano

@RNR_0

5 months ago

As a Dutch citizen Sign these petitions 10k signatures media picks up 40k signatures is pressure IF WE DON'T STOP THEM NOW THEY WILL STOP AT NOTHING Sign these petitions: https://t.co/LDCImhNFZR And this petition: https://t.co/46rXLmLBEB

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