They’re coming for our money – and there’s nothing we can do about it

Monday – Tuesday blog

Why there’s no money left?

The main West-European countries are bankrupt. Here’s a list of debt levels:

And here’s a nice visual showing the same thing:

Greece, Italy, Spain, Belgium, France and the UK all have government debt which is higher then their GDP. These countries are bankrupt, insolvent, bust, up sh*t creek without a paddle. Yet their governments continue to borrow ever more money so they can continue spending more than they take in tax.

In fact, the situation is much worse that depicted above. In Britain, for example, the total cost of public sector pensions is a significant long-term liability, with the bill for paying retired workers in 2025 reaching £56.8 billion. Total liabilities are estimated to be £1.3 trillion. Though this figure is probably an underestimate as Labour have hired over than 65,000 more useless, unproductive, self-serving, skive-from-home, public-sector wastes-of-skin since they came to power.

Labour, like governments in most West-European countries keep on increasing direct taxes and stealth taxes. But this goes nowhere near being enough to pay for Labour’s financial profligacy. We’re told that taxes have to go up to pay for an ageing population. So our increasing taxes are apparently our fault for living too long. But the real reasons for our government’s drunken-sailor spending include:

• paying for several million often uneducated, often unemployable, often criminal pieces of Third-world detritus imported to replace the indigenous white British population
• increasing benefits to such a level that many families get much more money from benefits than they ever could from working
• allowing about nine million British of working age to sit at home watching Netflix and suchlike on their widescreen TVs without any requirement for them to look for a job
• handing out billions each year in supposed ‘foreign aid’ to be stolen by the elites in the world’s most corrupt countries

But there’s still lots of money

None of our governments will cut spending. So they have to find more of our money to take: Fortunately for our governments, there are three huge piles of our money which they haven’t yet fully plundered:

• the value of our property
• our pension savings
• our stocks and shares

The value of our property

Starting in April 2028, the UK government will introduce a “High Value Council Tax Surcharge” (popularly known as a mansion tax) on residential properties in England valued at £2 million or more. This annual, recurring surcharge targets high-value homes, with projected payments ranging from £2,500 to £7,500 depending on the property’s value.

With taxes like income tax and capital gains tax, we are being taxed on money which we hold. But a ‘mansion tax’ is based on a completely different principle – we don’t actually have that money till we sell our properties and yet we will be taxed on money we don’t have.

Moreover, by calling this a ‘mansion tax’, the government cleverly portrays it as something only the ‘greedy rich’ will have to pay. But, as with all taxes, this ‘mansion tax’ will keep on expanding to properties of ever lower value.

Our pension savings

We have about £3.2 trillion in our pension funds. That’s money our government would desperately like to get hold of. The Labour government have already launched an attack on our pension money.

The Mansion House Accord (2025) is a voluntary agreement involving major UK pension providers to invest at least 10% of their defined contribution (DC) default funds into private markets by 2030, with 5% directed towards UK firms. Approximately 4% to 6% of UK pension fund assets are currently invested in UK equities, a significant drop from over 50% in the late 1990s. The wonderful thing about this money-grab is that even if the economy stagnates or goes into recession, the extra money the government is forcing fund managers to put into UK shares will probably push up share values. So the government can claim, as useless Rachel did recently, that stock market performance proves her economic plans are working.

Our pension fund managers have a fiduciary duty to maximise returns for those pension funds. But the Labour government is forcing fund managers to put our money into assets (UK companies) which managers know will be less valuable than many of their foreign investments.

However. the Mansion House Agreement is only a start of the government’s plundering of our pension savings. Soon the government will be forcing pension funds to invest some of our money in so-called ‘infrastructure bonds’ – basically forcing pension fund managers to pay for new roads, railways (like the wonderful HS2 catastrophe), hospitals, mad Ed Miliband’s windmills etc etc as the government no longer has the money to pay for these out of our taxes.

Our stocks and shares

We are already taxed on the dividends our shares pay us. The UK dividend allowance is the amount of dividends you can receive each tax year without having to pay tax on them. For the 2024/25 tax year, this allowance is set at £500, down from £5,000 in previous years. But we’re not taxed on the value of our shares until we sell tham and make a capital gain. Though too often that supposed capital gain is theoretical as it is due mainly to inflation rather than us having any real capital gain.

I attach below a video about a scheme cooked up by the Dutch government. The Dutch government tried to introduce a tax on the supposed growth in value of people’s shares even though shareholders won’t have realised that value as they won’t have sold their shares. I only watched the video quickly. But from what I saw, the Dutch Supreme Court threw out an earlier version of this tax. But The Dutch House of Representatives approved the Wet werkelijk rendement box 3 (Actual Return Box 3 Act) on February 12, 2026, which introduces a 36% tax on actual investment returns, including unrealized gains (paper profits). While the bill still requires Senate (Eerste Kamer) approval, it is scheduled to take effect on January 1, 2028.

Thieving our money and taxing fictional money?

What I’m getting is the impression that governments have taxed us to the hilt on money we actually have – salary, capital gains, dividends, our purchases (VAT). So now governments are attacking our savings either by stealing them by forcing those managing our savings to give them to the government to squander or by just assuming fictional gains which don’t actually exist and then taxing us on those fictional gains.

These are massive and worrying changes in taxation policy. But I haven’t seen anyone else notice this and understand the implications.