several billionaires are leaving Norway.
owner of financial magazine Kapital explains the simple reason by giving an example: if billionaire Kjell Inge Røkke continued to live in Norway, he would be paying €40-50M/yr in wealth tax. nobody will pay €100k+/day just to be allowed to live in a country.
some people are fans of heavily taxing the rich, and we do that, but they just run away. there are always tax havens.
I agree social democracy doesn’t work, but there are more fundamental reasons to explain why. And besides, the state certainly has the power to control movement of people and capital. So just make a law: you can fully expatriate yourself or your capital, but not both.
I agree social democracy doesn’t work, but there are more fundamental reasons to explain why. And besides, the state certainly has the power to control movement of people and capital. So just make a law: you can fully expatriate yourself or your capital, but not both.