---
title: 'Si sale esta ley, estamos jod*dos'
source: 'https://youtube.com/watch?v=z7jpXmlV7tI'
video_id: 'z7jpXmlV7tI'
date: 2026-08-06
duration_sec: 109
---

# Si sale esta ley, estamos jod*dos

> Source: [Si sale esta ley, estamos jod*dos](https://youtube.com/watch?v=z7jpXmlV7tI)

## Summary

The video warns about a proposed Dutch law that would tax unrealized gains on long-term investments like index funds. It explains the mechanics and the severe consequences for investors, particularly the erosion of compound interest.

### Key Points

- **The proposed law** [00:02] — The Netherlands plans to approve a law that taxes unrealized profits on investments. For example, if you have €10,000 in index funds and it grows to €11,000, you owe 36% tax on the €1,000 gain (€360) even if you don't sell.
- **No refund on losses** [00:31] — If the portfolio later drops back to €10,000, you don't get the €360 back. Instead, you receive a tax credit for future gains, which is only useful if you owe taxes again.
- **Two serious consequences** [01:12] — First, you must pay taxes on money you haven't realized, forcing you to find cash elsewhere. Second, and worse, it kills compound interest—the snowball effect that makes long-term investing work.
- **Status and spread risk** [01:38] — The law hasn't been approved yet and is only in the Netherlands, but other political parties are already considering similar measures, so it could spread.

### Conclusion

The video highlights a dangerous policy that taxes unrealized gains, undermining the core benefits of long-term investing. It's a warning that such laws could become more widespread.

## Transcript

investors are worried. The Netherlands plans to approve this law.  Let me explain with an example.  As of today you have €10,000 invested in index funds.  Typically, if during the year it grows to €11,000 you have had €1,000 of
unrealized profits, you don't sell them. This is for the long term with index funds.  Typical.  This law states, "Since you have €1,000 in profit, even if you don't you have €1,000 in profit, even if you don't sell, you pay taxes. 36%, €360
in this case." Sounds like a joke, right? Well, it's not. Hey, what happens if the following year my portfolio, worth €11,000, drops back to €10,000? Which can easily happen because in these types of long-
term investments, portfolios are very volatile, going up and down in the short term. So, going up and down in the short term. So, what do you get back from these €360 you've already paid in taxes? No, what you do get is a tax credit
for the taxes you paid, the €360 in case your investment grows again in future years. If you have to pay taxes again, at least they deduct what you already paid, which would be the last straw. Even so, it already has two
serious consequences. One is that you've had to pay taxes on money you might not have; you haven't sold those investments, and you might have to take it from somewhere else.  You did n't want to sell your investments at a loss. And second, and much worse, you're killing
compound interest. These investments, designed for the long term, where profits also help each other grow—the snowball effect compound interest—no longer applies. You
that this law hasn't been approved yet and is only in the Netherlands, but it could be tested some political parties are already taking note of it to implement it.