Michael Green: Dutch Box 3 Taxes Unrealized Gains

Michael Green called taxes on unrealized gains absurd under the Netherlands Box 3 policy, noting officials tax the failure to sell appreciated assets like stock or houses to force realizations. High-potential earners will lowball future earnings and leave, leaving less confident individuals stuck and creating a nation of losers over time, he said. Bitcoin drew separate fire as a speculative failure destined to collapse according to Green's market structure analysis. The Netherlands retains strong resources and education yet risks slow erosion from flawed capital rules, echoing Adam Smith's line on national ruin.