Financial Repression and the March Toward Serfdom

The Dutch government just declared war on private capital and most Europeans don't even know it yet. The Netherlands' Box 3 reform imposes a 36% tax on unrealized gains across stocks, bonds, and crypto, forcing ordinary citizens to liquidate real assets to pay for paper profits they haven't made. The sophisticated wealthy will restructure offshore but the schoolteacher with an index fund will not. What follows is an indictment of one of the most destructive fiscal policies in modern European history and a defiant blueprint for how free people can build their way out of it.