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It is difficult to imagine a more catastrophically destructive economic policy.

If this is actually implemented, the Dutch are toast.

"A number of my friends who belong in the very high upper brackets have suggested to me on several occasions of late, that if I am reelected president, they will have to move to some other Nation because of high taxes here. Now, I will miss them very much." (audience breaks into laughter)

- FDR

(Spoiler alert: The rich always act like victims and whine about having to move.)

The Netherlands has had a form of "Box 3" wealth/unrealized capital gains tax for years. (This is just an update to existing policy.) So far, the country has not imploded.

Time to update your priors.

That's one of the reasons the housing market is so inflated. The goverment forces people to invest into housing.

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