Forwarded from DoomPosting
I can only speak for myself, but a big part of this is we're just tired. Now that we can see how insane it was what we used to do, for decades, it's exhausting to just think about it
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Forwarded from DoomPosting
SOUTH KOREA JUST PROPOSED TAXING UNREALIZED GAINS.
And this is one of the major reasons behind today's massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.
At a forum hosted by South Korea's ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.
The ruling party has pushed escalating wealth tax measures throughout 2026, including a February forum proposing to lower the real estate capital gains exemption threshold from 1.2 billion won to 800 million won, and an April push to abolish the long term holding tax deduction entirely.
Today is the first time this campaign has explicitly extended to taxing unrealized stock gains.
Under current law, investors are taxed only when they sell a stock and realize a profit.
Under this proposal, investors could owe tax on paper gains they have not sold or collected, simply for holding a stock that went up in value.
The Netherlands tried almost this exact policy four months ago.
On February 12, 2026, Dutch lawmakers passed a law taxing unrealized gains on stocks, bonds, and crypto at a flat 36% every year, whether or not anything was sold.
The backlash was immediate. A petition against it gathered more than 61,000 signatures, and Shopify CEO Tobi Lutke called it "the dumbest thing any government on planet earth is pursuing right now."
Just 13 days after the bill passed, the Dutch finance minister announced the government would scrap the unrealized gains portion entirely, admitting the law "cannot pass as is."
This lands directly on a South Korean market that just ran up nearly 95% over the past year, built largely on heavy retail buying with borrowed money.
A tax on gains that exist only on paper is a direct threat to the exact rally that created that exposure in the first place.
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And this is one of the major reasons behind today's massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.
At a forum hosted by South Korea's ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.
The ruling party has pushed escalating wealth tax measures throughout 2026, including a February forum proposing to lower the real estate capital gains exemption threshold from 1.2 billion won to 800 million won, and an April push to abolish the long term holding tax deduction entirely.
Today is the first time this campaign has explicitly extended to taxing unrealized stock gains.
Under current law, investors are taxed only when they sell a stock and realize a profit.
Under this proposal, investors could owe tax on paper gains they have not sold or collected, simply for holding a stock that went up in value.
The Netherlands tried almost this exact policy four months ago.
On February 12, 2026, Dutch lawmakers passed a law taxing unrealized gains on stocks, bonds, and crypto at a flat 36% every year, whether or not anything was sold.
The backlash was immediate. A petition against it gathered more than 61,000 signatures, and Shopify CEO Tobi Lutke called it "the dumbest thing any government on planet earth is pursuing right now."
Just 13 days after the bill passed, the Dutch finance minister announced the government would scrap the unrealized gains portion entirely, admitting the law "cannot pass as is."
This lands directly on a South Korean market that just ran up nearly 95% over the past year, built largely on heavy retail buying with borrowed money.
A tax on gains that exist only on paper is a direct threat to the exact rally that created that exposure in the first place.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Forwarded from DoomPosting
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Usha Vance said that she hasn’t been moved to “seek something different” and convert to Catholicism like JD because she grew up in a “stable” Hindu household
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Forwarded from DoomPosting
BREAKING: Nasdaq 100 futures extend losses to -3% on the day as the global tech selloff gains momentum.
South Korea’s stock market fell -10% today amid the tech decline.
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South Korea’s stock market fell -10% today amid the tech decline.
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Forwarded from DoomPosting
ORACLE SPENT NEARLY 2 BILLION IN SEVERANCE WHILE REDUCING HEADCOUNT 21,000
We have covered the layoffs extensively, but now we have the official data for FY2026.
21,000 net jobs cut
$1.84B in severance paid
They confirm data center investment will result in more cuts
$ORCL
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We have covered the layoffs extensively, but now we have the official data for FY2026.
21,000 net jobs cut
$1.84B in severance paid
They confirm data center investment will result in more cuts
$ORCL
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Forwarded from DoomPosting
JUST IN - The Supreme Court on Tuesday ruled against a devout Rastafarian who sought damages after Louisiana prison officials cut his dreadlocks despite his claim that it violated his religious rights — NBC
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Forwarded from DoomPosting
Forwarded from DoomPosting
This is very different from Polymarket's odds, which have France on top, Argentina 2nd and Spain 3rd
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Forwarded from DoomPosting
Media is too big
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Don’t even try day game in Germany bro. German women are very blunt and will shoot you down immediately
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😁2❤1👏1
Forwarded from DoomPosting
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Germany CHOSE industrial decline.
For years, Berlin’s elites waged war on their own energy base.
>accelerated the nuclear phase-out, even as they grew addicted to cheap Russian gas
>rammed through the “Energiewende”, intermittent renewables sold as salvation while ignoring the need for reliable baseload power
>piled on crushing regulation, taxes, and labor costs that made German industry the most expensive place to produce in the developed world
Then 2022 arrived. The gas tap got turned off, energy prices exploded, and the house of cards collapsed.
And the result is industrial production is now 24% below its long term trend.
The auto sector alone lost 50,000 jobs in a single year.
41% of companies are planning further cuts.
Credit insurers warn of up to 30,000 insolvencies ahead.
This is the predictable consequence of a policy regime that deliberately weakened the foundations of German strength built on cheap, reliable energy and a competitive cost structure.
And then they acted shocked when the structure couldn’t survive a shock.
They made Germany vulnerable and the decline almost inevitable.
The same ideological blindness is spreading. Pay attention.
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For years, Berlin’s elites waged war on their own energy base.
>accelerated the nuclear phase-out, even as they grew addicted to cheap Russian gas
>rammed through the “Energiewende”, intermittent renewables sold as salvation while ignoring the need for reliable baseload power
>piled on crushing regulation, taxes, and labor costs that made German industry the most expensive place to produce in the developed world
Then 2022 arrived. The gas tap got turned off, energy prices exploded, and the house of cards collapsed.
And the result is industrial production is now 24% below its long term trend.
The auto sector alone lost 50,000 jobs in a single year.
41% of companies are planning further cuts.
Credit insurers warn of up to 30,000 insolvencies ahead.
This is the predictable consequence of a policy regime that deliberately weakened the foundations of German strength built on cheap, reliable energy and a competitive cost structure.
And then they acted shocked when the structure couldn’t survive a shock.
They made Germany vulnerable and the decline almost inevitable.
The same ideological blindness is spreading. Pay attention.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶