Number of Dutch Millionaires Surges Following Unprecedented Post-Pandemic Real Estate Valuation Growth
The Netherlands Bureau for Economic Policy Analysis reports that the number of millionaire households in the country has skyrocketed over the past year, driven almost entirely by the relentless appreciation of domestic real estate values rather than business income. The wealth data has fueled calls from left-wing political coalitions in The Hague for the implementation of aggressive new wealth and capital gains taxes to address the widening economic disparity across Dutch society.