Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by LoyceV (4)
Exactly, the higher the taxes, the more avoidance. Also, a wealth taxes is outright confiscation and is against everything free democratic societies stand for. I don't know where you live but I'm guessing there are not a lot of rich people there.
Welcome to The Netherlands 
It has it's benefits though: if your investment goes from almost nothing to a lot in a short amount of time, you barely pay any taxes on those gains.
But if it's the other way around, you still pay taxes.
The Netherlands has been f*cked over for decades, I used to live there.
The same car I bought in the UK in 2016 new for £28,000 would have cost €90,000 at the time. BPM, emission tax, whatever else nonsense they could come up with and there is the road taxation based on car weight.
When I saw pictures of an imbecile dancing on a table because of a gain in the election whilst businesses are still forced to close DuE tO A dAnGeRoUs pAnDeMiC and the no confidence stuff of trying to get rid of Pinocchio Mark Rutte straight after an election, debating till 2am whilst there is curfew for ordinary citizens but he just stays in the end anyway I almost had to vomit.
People are insane to constantly vote for the same 50% tax supporting imbeciles.