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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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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