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Someone crazy person just proposed an 8,5% wealth tax to replace income tax. And then says:

> Young people with high incomes now often spend on luxury, because saving for a house seems unfeasible. "If they can build wealth faster, they will postpone that expensive journey for a while," says Kooiman.

How do you build wealth if it's taxed at 8.5% per year? Sounds to me like this forces everyone (even more) to get a mortgage, because a home is taxed less than every other asset and won't pay net worth tax until you've repaid the house.

https://www.accountancyvanmorgen.nl/2025/04/17/vervang-alle-heffingen-door-een-vermogensbelasting/

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Discussion

Sjors Provoost 8mo ago

In other words, this scheme only allows you to save for a down payment, and prevents you from investing in any other asset class - since nothing has a risk-free return of 8.5% plus inflation, let alone enough to actually accumulate.

protocolSociety 8mo ago

also they will introduce the wealth tax and keep the income tax because that’s how reality (often) works

Sjors Provoost 8mo ago

#porquesnodos

Aldin 8mo ago

It's boiling frog communism. 8.5% confiscation per year is 50% in 8 years. Hopefully this would not prevent from saving in assets with unregistered ownership. Ideally in one that allows for easy transport accross borders.

Sjors Provoost 8mo ago

Fwiw this isn't going to happen.

lontivero 8mo ago

A perfectly logical reasoning. However, your premise is flawed. You assume politicians have the common good in mind, but that's false.

Sjors Provoost 8mo ago

This isn't a politician I think.

lontivero 8mo ago

You're right, I didn't read the article. It is not a politician but a state's bodyguard as Rothbard calls them. The kind of people that write the kind of things politicians want to hear and provide the justifications that they need to do all kinds of horrible things. A state's bodyguard doesn't have the common good in mind.

Martin Mladenov 8mo ago

And not just taxation. How do you even raise money in inflation?

Martien 8mo ago

Great idea, so I just take loans to buy a fuck load of property, pay no tax because I don’t have wealth, only debt and then rent out those properties and pay zero income tax?

Sjors Provoost 8mo ago

Pretty much, and then they'll make a rule to counter than and before you know it you have all the complexity back, which was the main argument for this change in the first place.