Taxes & Times: Netherlands 36% Below Sea-Level

Saturday, February 14, 2026

The two main protagonists in "capitalism" are debt and time and their combination is not a lame addition but a powerful multiplikation: the debt not due yet or even without maturity is tasteless but becomes a sour lemon over time reaching its full bitter flavor exactly when the due-date is reached. On the other side of the Janus-coin, the tasteless not-due debt becomes sweet for the creditor when its deadline arrives.

This is further spiced up with the general scarcity of money (Scarce against what? Debt.) that holds true for everyone and the government alike. And it is this simple truth that made the Netherlands government pull forward and transform hypothetical to definitive payments with the latest tax-move: 36% of capital gains tax -- due yearly regardless of realisation; and not unspecified-later whenever realized.

Apropos move: Three years ago I was assured by climate-experts that the Netherlands is going to be fully underwater soon and maybe it is time to move, just to make sure not all of ones belongings become wet.