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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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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