https://twitter.com/DellAnnaLuca/status/1662111839977893888
The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue
— Luca Dellanna (@DellAnnaLuca) May 26, 2023
Instead, an estimated $54B-worth of ultra-rich left the country, leading to a lost $594M in yearly wealth tax revenue
A net decrease of $448M+
(sources and calculations β)
If you love our People of Means, please join !neolibs
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oh wow the exact thing that people said would happen did happen
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It was a very good plan until mayos failed to obey.
Arrest mayos on sight.
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Total Mayo Death
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When the ultra-rich were giga-racist and nationalist
they at least stayed home to uplift their country's poor to prove their racial superiority over other countries' poors.
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Did these people learn nothing from the fr*nch when they tried to do this? This shit doesn't work.
Why are they doing this anyway? Did they run out of oil money already?
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Yeah, that's what's puzzling me, if there's one thing Norway is not in dire need of it's public funds.
The answer though is probably just lefty seethe. Rich man evil.
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They might have paved roads, socialized healthcare, subsidies for small
businesses and strong 
investment into science 
and research, but this new trans 
equality grant just dropped 
and it's not going 
to pay for itself
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Norway
has a culture that is in opposition to wealth inequality, so the wealth tax is really just about "owning the rich".
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why would rich people do this?
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That's your explanation
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When you get to a certain level of wealthy people start following pipe dreams. It serves as like an upper limit on development I think.
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He then gives Chile as an example
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the billionaires can buy residency in any country and then keep living there
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When the ultra-rich were racist
nationalists they at least had to occasionally care about their country's poors to prove racial superiority over other countries' poors.
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To be fair, my little knowledge of Chile gives me a good opinion of it.
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The trick is to confiscate their passports before they leave for "theft".
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The Chinese are good at that.
Transform your Marseys!
www.pastebin.com/Jj9URfVi
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Poors on suicide watch
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Say it with me:
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I fricking love it when foreigners who know nothing of Scandinavia comment on us
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I don't need to visit a country to know that the Laffer curve applies to it.
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MARRY
ME
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Stop simping it's pathetic
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30yearoldfoidattheweddingreception.webp
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norway literally has an economy that is nothing alike any other western country by miles.
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well, yeah, it's more like Venezuela
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yea, defined by their similar diversification
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Demand curves still slope downwards.
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that is not the point. The "passive income" Norway receives from their wealth tax is unimportant... their economic situation is completely useless to modern western economic models, as their economy is so different... Norway owns 2 (TWO) fricking percent of the world's investments.
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Demand curves still slope downwards. Raise taxes on people just for living on Norway and they will leave.
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well, yes an no. While I agree that the implementation might be r slurred, we are not talking taxation on income, which is different in nature. In essence, accumulated money that is not reinvested into society does not hold the same nominal value as investment or earnings.
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Telling people that you've found a better use for their money is not going to stop them from leaving the country lol.
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what I am saying is that the economic theory of loss given withdrawal from the market is founded on the principle that revenue will be reinvested in the financial system. Thus a disincentivization to work and trade due to tax burdens is problematic.
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Norway is basically a European Gulf state.
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DING DING DING
THIS guy gets it
This. Right here.. ^
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I have a baseless belief that the tap water there makes you immortal and nothing is going to change that for me
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Mmm yummy
nordic mountain 
water 
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Is what he's saying wrong
then?
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read my comments in this thread
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Good thing scandis and every other irrelevant nation doesnβt comment on the US.
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I am so much into US drama you wouldn't have thought me a non burger had i not told u...
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He's right though
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no, read my comments in this thread.
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LOL a tax increase never affects the uber rich, they will always find ways or just don't care. Its always the middle class that gets fricked royally in the butt with these r-slurred butt tax increases.
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Doesnβt Norway have a massive sovereign wealth fund? Why do they even need to tax anyone? Too many diverse people flooding in?
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Need to make the uppity mayos poor
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only about a quarter of the norwegian state is financed by money from the oilfund. taxes here are still relatively low, well unless you're rich.
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That and the eternal boomer being burdens on society after draining the country of its natural resources and squatting on its real estate
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Maybe they could build some kind of wall or even a metal curtain of sorts to keep people who want to leave from leaving
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Behead those that
insult islamlive abroadJump in the discussion.
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Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
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So what was the plan here? They were going to access everyoneβs net worth and itβs over a certain amount you get an extra percentage tacked onto your taxes at the end of the year?
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Taxing assets at rest is so hilarious like congrats on your good year, too bad it won't last
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Im glad rdrama is so worried about the 0,00001%, cant they catch a break for once.
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Nobody is worried about the ultra rich, everyone is pointing out the cause and effect when you try to tax rich people they get out of it.
Unless you're so poor you think the middle class is ultra rich or some shit
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Poor
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One thing we've seen fail time and time again is caps on prices. Nobody wants to work for 5% margin, fine.
How about price minimums? Nobody is allowed to offer an internet plan that you can afford without a full time job.
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