empirical standpoint, Norway’s wealth tax is stupid and counter-productive.
Did you catch that? More “super rich” Norwegians left Norway in 2022 than during the previous 13 years combined. The reason wealthy Norwegians are fleeing the country is not a secret.
And it was SO obvious that this is exactly what would happen! Have these folks never even had a passing contact with Economics? DUH!
We need to be a little empirical, here! Here’s a clue: When you make something more expensive, you sell less of it. There is a balance between sales volume and profit margin. <sheesh!>