The recent wealth tax increase in Norway was expected to bring an additional $146 million in yearly tax revenue, per the Guardian. 

Instead, individuals worth $54 billion left the country, leading to a lost $594 million in yearly tax revenue.

(Via Unusual Whales, on X).

My comment: Choose your taxes and tax policy with extreme care and attention to detail.

If you're foolish, you end up hurting your country and your countrymen immensely, in a way you could never repair in ten lifetimes.

#econ #policy 

 Tax land rather than other measures of wealth or income.

#lvt 

 Its the same mindset that all thieves have. 
If that energy was put into creating wealth rather than stealing it, everyone would be further along. 
Stupid people are the people that don’t learn from past mistakes.