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FROM TAXATION TO CONFISCATION
The EU is bankrupt and preparing for asset seizure.
First, I'm going to tell you about taxation, then confiscation:
In 2020, they started printing trillions to fund runaway spending.
Now, inflation is roaring.
On paper, everyone is “rich.”
And once you’re “rich,” you must pay your “fair share.”
So EU countries are raising taxes and blocking the exits:
🇳🇱 The Dutch House of Representatives just voted to overhaul annual income tax filings with a new tax of up to 36% for unrealized capital gains, starting in 2028.
Assets like Bitcoin, stocks, and bonds will trigger tax liabilities each year based on changes in value, even if nothing has been sold.
The Netherlands also recently proposed a new exit tax for citizens who leave the country. Income (and presumably capital gains) will be taxed for five years after leaving the country.
🇪🇸 In 2024, Spain recorded 1,000 fewer high-net-worth taxpayers — the first negative millionaire migration since the country imposed a tax on wealth.
🇳🇴 Norway raised wealth taxes to bring an additional $146M in yearly tax revenue.
Instead, individuals worth $54B left the country, leading to a loss of $594M in yearly wealth tax revenue. A net decrease of $448M.
🇬🇧 The recent capital gains tax increase in the UK was expected to bring additional tax revenue.
Instead, the UK lost over 15,000 high-net-worth individuals in 2025, leading to a 10% fall in net capital gains tax revenue.
The government is now trying to close this £2b hole with a new exit tax. Those who leave the country will have to pay a 20% tax on the value of their assets.
You see?
It always starts with an unrealized gains tax.
Then, an exit tax.
Finally, it's global taxation.
🇫🇷 France proposed citizenship-based taxation for the National Budget of 2026.
French citizens will pay taxes on their global income if they move to a region with tax 40% lower than France's.
That's they are pushing you to register all your assets in a central EU register to "help with financial transparency."
Your bank accounts, shares, cars, precious metals, works of art, and Bitcoin... register it all to "fight money laundering".
Eventually, they will try to seize your assets.
Eventually may be soon.
Like the US seized gold with Executive Order 6102.
So buy Bitcoin and get it off exchanges.
They can't seize Bitcoin you self-custody.
That's Bitcoin's fundamental value proposition: seizure resistance.
Ray Dalio thinks your location is as important as your allocation.
Bitcoin is king, but passport is queen.
The same way you want to keep liquidity, you must also maintain mobility.
So get a second passport from a Bitcoin-friendly jurisdiction like El Salvador.
And get yourself to a safe place that respects your freedom, like Singapore or the UAE.
And a mobility freeze—similar to what they did in 2020 with endless lockdowns and exit denials—is comparable to the incoming asset seizure.
Both are government crackdowns on freedom.
The right to exit is a fundamental human right.
Just look at the history: all the worst states have revoked the human right to exit.
The Soviets, the Nazis, the East Germans, the Cubans, the North Koreans… they did not let you leave.
Because 100% taxation means you’re their slave.
And they don’t want the slaves to leave.
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