Norway's lesson for Europe on wealth taxes: let some millionaires go

Comments

• Bigfishbest@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Funny, cause here (Norway) half of political parties and discourse are going ape over this. Otoh, which is my perspective, wave as they leave, if they’re too poor to live here they can F off.

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  • MyBrainHurts@piefed.ca ⁨2⁩ ⁨weeks⁩ ago

    Fair, though can I ask what if the economists are right?

    Around 40% of emigrants are business owners, according to Princeton researcher Christine Blandhol, who estimates, opens new tab the latest tax changes will cut Norway’s output by 1.3% over the long run.

    Seems like the expectation is that this will lower government revenues etc. So, is the idea that egalitarianism is of higher value to Norway than some government services?

    (Personally, I tend to think this one of those frustrating ones where what is moral and right in the short term smashes into cruel political/economic reality.)

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    • Bigfishbest@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      It 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.

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• redlemace@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  No one needs many many many millions.

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• satanmat@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  I love this so much and would very much like to live there

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