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The Podcast of the Lotus Eaters

PREVIEW: Brokenomics | Dutch Madness: Unrealised Capital Gains Tax

The Podcast of the Lotus Eaters

lotuseaters.com

News

4.71.1K Ratings

🗓️ 10 March 2026

⏱️ 22 minutes

🧾️ Download transcript

Summary

Dan examines the mad new Dutch taxation of paper on unrealised gains that will probably end up being adopted everywhere else and kill early stage companies.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Bergenomics.

0:24.8

Now, in this episode, I wanted to talk about the maddest stuff that I have just absolutely insane policy that I think I've ever seen.

0:35.6

I mean, this is a true poison dart.

0:39.8

This is, this is, you know, a high velocity shell with depleted uranium tip and bloody anthrax in the core,

0:50.9

fired straight into the heart of the Dutch people.

0:54.8

It is mad.

0:56.4

So basically, the Dutch parliament have decided that they want to impose a 36%.

1:05.0

Now, bear in mind, this is a country that already has a top rate of tax of 52%.

1:09.3

They now want to impose their 36%

1:12.6

unrealised capital gains annually. Right? So if you have an asset and it goes up in value,

1:22.6

before you've even sold it, before you've got the cash, they're going to tax you just because it went up on the last day of the year.

1:31.1

I mean, okay, have you, the best way that I can describe it is, is, have you ever watched Game of Thrones?

1:38.2

You know, that bit where the red viper and he's fighting the mountain.

1:46.3

And he does quite well at first.

1:49.7

And then he gets his head crushed by the mountain.

1:56.9

And then they immediately cut to the viper's woman who's just, you know, watching this.

2:00.3

And she sees her man's head just be explode.

2:01.5

And she's all like,

2:03.1

ah, right.

2:07.3

That, that was my reaction to this Dutch tax.

2:10.9

It's absolutely, I just, well, I mean, I'll go through it,

2:13.4

but the point is I'm not impressed.

...

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