Queen of the Dip

Irresponsibly Long

[Elle Lookbook @EvaLovesDesign]

why else are we here
if not to live
with unreasonable passion for things

[Queen of the Dip @BTFD_Queen]

@thierrybaudet Niet gek dat ze ons internationaal totaal niet meer serieus nemen

[Queen of the Dip @BTFD_Queen]

@elonmusk 👀👀

[Queen of the Dip @BTFD_Queen]

@TheoBuysStocks Oh wat erg dit 😂

[Romàn @romanbuildsaas]

The “problem” with AI agents is that I don’t enjoy doing anything anymore except working.

It feels like I’m inside a massive video game, and my character is leveling up at an exponential rate.

In 6 months, we’ve compressed what should have taken 4 years.

I wake up at 9am and I’m at my computer until 11pm.

I force myself to go to the gym. I force myself to be social.

But the only thing that truly excites me is progressing in the game.

Maybe it’s just a phase.

Isn’t the goal to build, exit, and then finally enjoy life?

But what if this is enjoying life?

What if building at full speed… is the reward?

[Connor Boyack 📚 @cboyack]

Nobody ever fled capitalism for socialism. The boats always go one direction.

[Henk Otten @hendrikotten3]

De koninklijke familie begrijpt wél hoe enorm schadelijk de Box 3 wet is voor het Nederlandse investeringsklimaat. Nu @RobJetten @DilanYesilgoz en @HenriBontenbal nog. Trek dit rampzalige wetsvoorstel snel in!

[Michaël van de Poppe @CryptoMichNL]

The fact that the Netherlands has agreed that 36% unrealized gains tax on #Bitcoin and stocks is fine, is beyond insane.

The VVD, the Liberals, are voting for something so insanely socialistic, is beyond me.

They could have done everything to lower the budgetting:
- Government efficiences
- Lower the healthcare costs by pushing forward preventing diseases in healthier lifestyles, more full body checks instead of expensive medicines pushed by big pharma.
- Stop the amount of asylum seekers within our country and focus on the internal economy and the native Dutch people.

And a lot of other things.

This is the dumbest decision ever, and it's against anything that people would like to achieve: being rewarded for taking risk.

I'm sure a lot of people will be opting-out of the Netherlands and leave this country.

A country that used to be one of the strongest economies in the world is falling down fast.

[Gad Saad @GadSaad]

It is truly extraordinary to see the new Dutch tax on unrealized capital gains. It is as though the responsible politicians exist in a parallel universe fully decoupled from an understanding of human nature, economics, and reality.

[Queen of the Dip @BTFD_Queen]

‘The problem with socialism is that you eventually run out of other people’s money’ - Margaret Thatcher

#box3 Dutch capital gains tax #vvd

[sunnydecree @sunnydecree]

What the actual fuck?

[Jokke_vlo @Jokke_vlo]

De gigantische stilte over #box3 in Belgische en Nederlandse media is, voor mij, het finale bewijs dat de “msm”
wel degelijk een politiek gestuurde en gecensureerde wereld is. Dat is eigenlijk schrikwekkend. Ik heb me altijd verzet tegen dat idee maar kan er niet meer omheen.

[Queen of the Dip @BTFD_Queen]

@R2022222 @wierdduk @EugeneHeijnen Als socialisme echt had gewerkt, dan was de Berlijnse muur niet nodig geweest

[Max Keiser @maxkeiser]

Capitalism started in 1602 in the Netherlands with the world’s first stock exchange.

Capitalism just died in the Netherlands in 2026 with the first unrealized gains tax.

Neofeudalism is here.

We are all serfs now.

[Queen of the Dip @BTFD_Queen]

@TheoBuysStocks Heb jij al Eerste Kamerleden gemaild? Ik overweeg dit te gaan doen. Zou het zinvol zijn?

[Queen of the Dip @BTFD_Queen]

@TheoBuysStocks Tesla

[Jelle @CryptoJelleNL]

Sad day in NL, the Dutch government is expected to pass a bill introducing a 36% tax on unrealized capital gains.

This will destroy long-term strategies, kill compounding effects & trigger a wealth exodus of biblical proportions.

But they'll pass it anyway. Can't fix stupid.

[Queen of the Dip @BTFD_Queen]

@Luke57316525 @Investanswers Ja echt he

[Samson Mow @Excellion]

The most bullish things for #Bitcoin happened in the last year: two popular myths were shattered.

1️⃣ The 4-year cycle. The illusion is over. An Omegacycle is in the cards.
2️⃣ Bitcoin is too big to see a 10x. Gold saw almost 2x. Silver 3.4x.

Now we just wait patiently. 🚀

[Bart Mol @Bart_Mol]

Reflections on this bill from a Dutch citizen who has closely followed this process for years.

First: the old system. It was pretty simple: the government assumed that you make ~5% return on your assets per year. That return is then taxed (~35%). Assets include savings, stocks, crypto, etc. There is an exemption of ~€55.000 per person. Assets are measured on the 1st of January every year.

Imagine you hold one bitcoin worth €75,000. Subtracting the exemption leaves €20,000 taxable. The government presumes a €1,000 return (5%), resulting in €360 tax (35%).

In summary, this system is:
- Very simple to understand
- Low administrative burden
- Advantageous to investors where ROI >5%
- Disadvantageous to investors where ROI <5%

Savers fall into that latter group. Years of sub-5% interest rates led the government to overestimate savers' returns.

In 2021, the Supreme Court ruled that this was unlawful and that this needed to change. The government should calculate taxes based on the actual return on investment instead of the assumed return.

At this point, I want to make a few things clear:
- I don't mind paying taxes
- I think the Supreme Court's decision was correct

What I do mind is:
- Tax on paper gains
- Added administrative complexity for tax filings
- The Government is not listening to the advice of the Netherlands’ highest advisory body on legislation
- That the Tax Authority is pressuring the legislative process to make a quick decision
- Making obviously bad legislative decisions

And these are exactly the things that are happening.

For some reason, the Government decided against a capital gains-like system and chose an unrealized capital gains system.

This means that you pay tax on the paper profit you made during the year.

Let's say you have one Bitcoin on January 1st, valued at €70.000. On December 31st, Bitcoin is at €115.000. A return of €45.000. Taxes to pay: €15.750 (35%). No exemption in the new bill.

The problem: all your money is in Bitcoin.

But that is not a problem! That is what I want! That is why I stacked every single Satoshi I could since 2016. The same goes for stocks, gold, silver, or real estate: the goal is to have as little fiat as possible!

But in the short term, I have to pay €15.750 in taxes. In this example, it means I have to sell some of my Bitcoin (0.137 BTC, to be precise). After the tax, I'm left with 0.863 BTC (€99.245).

So on paper I'm doing fine (from €70.000 to €99.245 in a year). But my underlying assets are diminishing (1BTC to 0.863 BTC). The amount of Bitcoin, stocks, and gold in my portfolio is decreasing each year.

This creates a dilemma: I don’t want to sell. I expect bitcoin, stocks, and gold to rise over time. But I have to, because the Government demands it.

The obvious better choice was to tax when people decide to take a profit. I don't really have a problem with paying taxes on my realized profit. When I decide to sell, instead of being forced to sell when I don't want to.

I'm not the only one who thinks there are better options. The Council of State (the Netherlands’ highest advisory body on legislation):

"Don't do it. It's too complex (for both the tax authority and the citizens). Look for alternatives."

And still, the government marches on. And the House of Representatives 'reluctantly agrees'. What the fuck does that even mean?

"Yeah, we also don't like this bill, but we still are going to sign it into law."

It's batshit crazy. But it's where we are. That's what the quoted tweet is about.

Not all is lost, though:
- House of Representatives (2e kamer) still has to approve this bill (quote tweet is wrong here).
- Senate (1e kamer) still has to approve.
- The Tax Authority is unable to comply with this bill (too complex)
- Complexity makes this bill filled with loopholes

So, to sum it up: hopefully, Parliament comes to their senses and stops this monstrosity of a bill, and chooses one of the better options instead.