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
China poses such a national security threat that Huwawi is banned from 5G infrastructure in the UK
So how does approving a Chinese mega-embassy with a secret basement make sense?
No.
What you are doing is paying Norway £40 BILLION a year for oil and gas.
Oil and gas which Norway drills in the North Sea.
Next to the UK’s oil fields we can’t use because of insane net zero.
No wonder Norwegian PM is smiling.
Tax his land, Tax his bed,
Tax the table, At which he's fed.
Tax his tractor, Tax his mule,
Teach him taxes are the rule.
Tax his work, Tax his pay,
He works for peanuts anyway!
Tax his cow, Tax his goat, Tax his pants, Tax his coat.
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he Tries to think.
Tax his cigars, Tax his beers, If he cries Tax his tears.
Tax his car, Tax his gas, Find any way To tax his ass!
Tax him all he has, then let him know
That you won't be done Till he has no dough.
When he screams and when he hollers;
Then tax him more, take all his dollars
Then tax his coffin, Tax his grave,
Tax the sod in Which he's laid...
Put these words Upon his tomb:
‘Taxes drove me to my doom...'
When he's gone, Do not relax,
It's time to apply Inheritance Tax!
#BudgetDay
I was on the Huntingdon train.
I only know of one attacker, he got on the train from Peterborough. He was black mid 20’s. We ran from the back of the train to the end as everyone was screaming to run, explaining there was somebody stabbing everyone and everything.
1/
The fuck you mean "the rape didn't last long enough". I've never read a more horrifying sentence from a court ruling in my life.
What a fucking joke of a court system
‘You won’t need to keep electricity bills anymore’ is a very poor argument in favour of Digital ID.
Digital ID is a massive intrusion of privacy, greater vulnerability to data hacks and, fundamentally, I absolutely do not trust the UK state to implement and manage such a complex and sensitive project.
Jess phillips should resign
Today she publicly called me a liar to the whole nation when she knew i wasnt lying.
Im a grooming gang survivor who has been called a liar her whole life by public services and councils to try and cover up the horrendous abuse they let happen to me as a child.
She has now just done the same as they did to me for years, all to save her own skin.
How can she continue to be safeguarding minister for women and children?