geneva_convenience@lemmy.mlM to Inventing Reality@lemmy.ml · 2 months agoWashington Post editorial board says don't tax the richimagemessage-square84linkfedilinkarrow-up1584
arrow-up1584imageWashington Post editorial board says don't tax the richgeneva_convenience@lemmy.mlM to Inventing Reality@lemmy.ml · 2 months agomessage-square84linkfedilink
minus-squareyucandu@lemmy.worldlinkfedilinkarrow-up2·2 months 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-up1·2 months 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-up1·2 months agoThey’ve had a wealth tax in Norway since 1892.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months 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-up1·2 months 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/
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/