geneva_convenience@lemmy.mlM to Inventing Reality@lemmy.ml · 10 days agoWashington Post editorial board says don't tax the richlemmy.mlimagemessage-square83linkfedilinkarrow-up1571arrow-down15
arrow-up1566arrow-down1imageWashington Post editorial board says don't tax the richlemmy.mlgeneva_convenience@lemmy.mlM to Inventing Reality@lemmy.ml · 10 days agomessage-square83linkfedilink
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·9 days agoOkay… Well you don’t have to believe it for it to be true.
minus-squareyucandu@lemmy.worldlinkfedilinkarrow-up2·8 days agoBut it isn’t true. It’s working right now in Norway, off the top of my head. But I’d imagine very wealthy people would be willing to spend a pretty penny to convince people like you and me that it doesn’t work.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·8 days agoDoing a quick search, it’s not working out for Noway. Their tax revenue is down because the wealthy moved away.
minus-squareatan@lemmy.mllinkfedilinkarrow-up1·8 days agoThey’ve had a wealth tax in Norway since 1892.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up1·8 days agoThe article I looked at was an increase of the wealth tax that occurred recently. So you’re right, not the start of it just a consequence of it.
minus-squareatan@lemmy.mllinkfedilinkarrow-up1·8 days agoWhat was the article? This one from November claims revenue has still increased - while ridding themselves of more wealth hoarders: “Revenue from it has climbed despite the exodus and now sits at 0.6% of GDP” https://www.reuters.com/business/norways-wealth-tax-trades-millionaires-equality-2025-11-24/
Okay… Well you don’t have to believe it for it to be true.
But it isn’t true. It’s working right now in Norway, off the top of my head.
But I’d imagine very wealthy people would be willing to spend a pretty penny to convince people like you and me that it doesn’t work.
Doing a quick search, it’s not working out for Noway. Their tax revenue is down because the wealthy moved away.
They’ve had a wealth tax in Norway since 1892.
The article I looked at was an increase of the wealth tax that occurred recently. So you’re right, not the start of it just a consequence of it.
What was the article? This one from November claims revenue has still increased - while ridding themselves of more wealth hoarders:
“Revenue from it has climbed despite the exodus and now sits at 0.6% of GDP”
https://www.reuters.com/business/norways-wealth-tax-trades-millionaires-equality-2025-11-24/