Economy
Economist Jona van Loenen Proposes 50 Percent Tax on Housing Profits and Large Inheritances
Economist Jona van Loenen argues that the Netherlands has become an inheritocracy where parental wealth, rather than merit, determines life outcomes. He proposes a 50 percent tax on home sale profits and inheritance amounts exceeding 500,000 euros to address inequality caused by the upcoming transfer of baby boomer wealth. Van Loenen warns that failing to tax unearned income differently from earned income will make work less attractive and reduce societal talent utilization.
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