1. This week....the new capital gains law in the Netherlands came into focus. It will come into effect 1 January 2028.
The change? It shifts from taxing assumed (fictive) returns on assets to taxing actual realized income, realized capital gains, and in many cases, unrealized capital gains (appreciation in value even if not sold).
So if you had gold coins, Bitcoin or stock....but didn't sell it in the past year....now the unrealized capital gain falls into play. They give each person some 'credit', but if you had a fair amount of 'something'....you would be paying more taxes.
I went to social media to note Dutch reaction.....mostly folks asking questions. My best guess...the bottom third of Dutch folks won't have any issues at all. Somewhere around the middle-class....they probably will notice 1,000 to 2,000 more in yearly taxes. Those in the top third? They've got brewing problems.
No one said much yet on 'escaping/exiting' the Netherlands. They have three years to think about the problem, and the corrective action.
Population currently? 18.3-million. If I were to guess the exit-crowd....come January 2028? Probably in the 200,000 to 400,000 range. The unusual back-story? These were people in higher incomes, and naturally paid more in taxes (accepting of that reality).
The politicians grasping of this reality? I think a lot live in some 'bubble', and come the middle of 2028....will ask...where did the people go?
2. Dortmund: Serious phone argument on the city tram. 46-year-old man confronted another man for talking loudly on the phone. Reaction? Rage....then stabbed his counterpart in the neck. Police are searching for the attacker.
3. Safe deposit boxes have been broken into again at a bank branch, in Stuhr near Bremen.
4. Chancellor gave a speech yesterday....hyping that in a few years...Germany will have the most capable army in Europe.
Reality? Recruitment is crappy...most German youth have no interest in participating, and if they go to the conscription/draft....it's likely to bring down the gov't in the end.
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