Comment on Norway's lesson for Europe on wealth taxes: let some millionaires go
Bigfishbest@lemmy.world 1 week agoIt is my belief that high inequality leads to many societal problems. It is the job of government in our current system to alleviate both the problems it causes, but also the inequality itself. Losing these people is an acceptable cost.
The (claimed) problem is that the wealth tax unfairly punishes Norwegian owners, which means that foreign owners will outcompete and take over ownership of Norwegian businesses. Perhaps the logical solution would be a tax on foreign ownership as well.
It is kinda funny that these wealthy people who have earned their fortunes in Norway, find it impossible to live there because of the wealth tax. They then move in protest, to Switzerland, one of the the two other countries in Europe that has wealth tax.