The Netherlands cancelled the 36% tax on unrealized gains after huge public protests. Most people don't realize what's happening here: the Netherlands has had a wealth tax since 2001. - They assume 7.78% fictitious returns on investments >51k. - This is taxed at 36%, no matter if you have incurred losses. - The new proposal would “just” tax real capital gains at 36%. Wealth taxes or unrealized capital gains taxes are led by the EU. 80% of countries with a wealth tax are EU members. Just like income tax was first paid in only a few countries, then by just a few percent of the population, and now it is common practice, the EU is slowly setting a new standard for wealth taxation.