David O'Brien รีทวีตแล้ว

Believe it or not a form of this government robbery already exists in Ireland 🇮🇪. We already have a highly controversial, specific tax on unrealised gains.
This existing mechanism is known as the Deemed Disposal regime.
Under Irish tax law, if you invest in retail funds, like Exchange-Traded Funds (ETFs) or certain life assurance products, you are subject to an automatic tax on your unrealized gains every 8 years.
Even if you do not sell your ETF, on the 8th anniversary of buying it, the law pretends (deems) that you sold it. If the investment grew in value, you are hit with a heavy tax on those "paper" profits.
The Rate: Following changes in Budget 2026, this exit tax rate is 38% (reduced slightly from its previous high of 41%).
Forcing people to pay tax on money they haven't actually cashed out forces investors to either liquidate part of their portfolio or keep large sums of cash on hand, killing the power of compound interest. How long before this policy extends to everything you own, making it impossible by default to own anything of value.
You will literally own nothing, as they say, but probably won't be happy about it.
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