Buying a house is actually a simple way to avoid the wealth tax.

If you've owned a house for a decade you typically have like 15 or 20 years left on your mortgage and are in debt. The tax worth of the house is some fraction of the sale price, so for a house that one might sell today for €500k the tax value could be like €50k. At the same time, typical debt after only ten years is probably almost half the house price (assuming you had some savings before buying the house). And with debt, that's what your earnings go to... I as an above-median earning Norwegian with house (and thus very negative worth) will probably have decades before getting anywhere near the threshold. And even then you only pay for what's over the threshold, so if you're At the threshold you pay nothing.