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▲ Taxing Entrepreneurial Wealth: Evidence from Norway, 2021–2025(nber.org)
35 points by PLenz 5 hours ago | 5 comments
▲usernomdeguerre 25 minutes ago | parent | next [-]

I doubt there's a way to structure this perfectly given one has to start from the baseline of these taxes being introduced, but is 21-25 a reasonable benchmark?

Naively, it felt like a lot of fluctuations and rubberbanding occurred right after Covid which wouldn't necessary make representative set.

▲dzink 8 minutes ago | parent | prev | next [-]

They lost the future billionaires along with those who left.

▲erelong 10 minutes ago | parent | prev | next [-]

Reducing taxes attracts billionaires which improves the country better / more?

▲Spooky23 9 minutes ago | parent | prev | next [-]

Now that we have the socialist Trump doctrine established with the help of the tech billionaires, we have a precedent for going forward - partially nationalize the private entities.

Start with the startups, and move into the equity funds and family offices. Once you hit certain thresholds, you pay a 2.5% wealth tax or provide 1% equity, capped at 25%.

It’s totally legal now as the toadies on the Supreme Court have adopted an expansive interpretation of executive power.

▲gaborcselle an hour ago | parent | prev [-]

TLDR Norway’s recent wealth-tax increases caused some very rich people to leave, but the “billionaire exodus” was economically much smaller than the headlines suggested—and the tax still raised a lot more revenue without detectable damage to business investment.