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)
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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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