The Dutch 36% tax on unrealized gains is anti-prosperity, freedom & capitalism It makes investment impossible for normal people... Destroying the middle class & crushing the start-up ecosystem It has not been passed, yet; we can still save this once-great mercantile nation! 🧵 Writing this from Amsterdam, only a brief walk away from the first stock market in the world. The Netherlands was once the richest country on the planet, dominating global trade in the 17th century. All thanks to free trade & financial innovation A legacy that the Netherlands has moved steadily away from. It is no longer a leader in finance & sits on the laurels of its historically great past, much like most of Europe does. With extremely high taxes & socialist policies This latest 36% tax on unrealized gains breaks the camel's back, making all investment quantitatively & mathematically unviable, especially given the volatility of modern markets. Forcing normal people to store their wealth in Fiat currency, something that is designed to lose its value over time due to inflation That is why this law, in particular, strikes at the heart of how crypto is meant to provide an alternative to that terrible central banking system. That would no longer be possible under this new tax law, impoverishing the middle class, forcing them to remain slaves to the debt-based fiat system Start-up founders would also have to pay 36% over each share of their company they sell, making being a founder in the Netherlands far more expensive & therefore unattractive Adding insult to injury, this new tax does not apply to investment professionals like myself who own & manage investment companies. So this law locks normal people out of the investment world while still allowing the "elites" to do business... Capitalism is great because it gives equal opportunity to all, allowing the best to rise to the top. That is what makes it meritocratic & generates massive prosperity for all. Instead, this proposed tax introduces massive resistance against upward mobility. It would prevent more people from rising out of poverty, keeping them poor! A 36% tax on unrealized gains in the Netherlands spits in the face of its once-great, historically capitalist legacy. People are waking up & do not want to see what they have built here ruined by incompetent, socialist, & tone deaf politicians We can turn this around, so help us spread this message far & wide. For the sake of prosperity, freedom & capitalism. We the people demand our full rights to life, liberty, & the pursuit of happiness! 🗽